Ethereum Targets $4K Once More – Is This the Breakout That Finally Holds?

Ethereum bulls are back in the driver’s seat—pushing ETH toward the psychological $4,000 barrier. Again. Will this attempt stick, or is it another fakeout for overleveraged degens?

The $4K Question

All eyes are on ETH’s chart as it retests a key resistance level. Traders who missed the last rally are sweating—while those who bought the top are praying. Classic crypto.

Liquidity Hunt

Market makers love these setups. A clean breakout could trigger a cascade of liquidations, fueling the next leg up. Or it’ll trap eager longs—because Wall Street’s algorithms feast on retail’s hopium.

Greed vs. Fear

The real test? Whether ETH holds $4K long enough for CNBC to declare ‘the flippening’—before inevitably crashing 30% when some Fed official mutters ‘inflation.’ Place your bets.

Ethereum Price Starts Fresh Increase

Ethereum price remained supported above the $3,600 level and started a fresh increase, like Bitcoin. ETH price traded above the $3,700 and $3,800 resistance levels.

There was a move above the $3,850 level. The price tested the $3,900 zone. A high was formed at $3,904 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $3,515 swing low to the $3,904 high.

Ethereum price is now trading above $3,820 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,800 on the hourly chart of ETH/USD.

On the upside, the price could face resistance NEAR the $3,900 level. The next key resistance is near the $3,920 level. The first major resistance is near the $3,950 level. A clear move above the $3,950 resistance might send the price toward the $4,000 resistance.

An upside break above the $4,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,050 resistance zone or even $4,200 in the near term.

Another Drop In ETH?

If ethereum fails to clear the $3,920 resistance, it could start a downside correction. Initial support on the downside is near the $3,820 level. The first major support sits near the $3,800 zone.

A clear move below the $3,800 support might push the price toward the $3,750 support. Any more losses might send the price toward the $3,700 support level in the near term. The next key support sits at $3,640.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,800

Major Resistance Level – $3,920