Ethereum ETF Frenzy: ETH Eyes $4,000—Is a Historic Breakout Imminent?

Ethereum's price rockets toward $4,000 as ETF hype reaches fever pitch. Will the king of smart contracts smash its all-time high—or is this just another overhyped financial product wrapped in blockchain buzzwords?

The catalyst? Wall Street's latest crypto cash grab—spot ETH ETFs—has traders betting big on institutional demand. Never mind that most finance bros still can't explain how DeFi works.

Technical indicators scream bullish as ETH tests resistance levels not seen since the 2021 mania. Liquidity pools thicken, derivatives markets heat up, and that $4K psychological barrier looks increasingly fragile.

But here's the real question: When the SEC-approved ETFs start trading, will the 'smart money' actually understand what they're buying? Or will this be another case of suits chasing yields into an asset they fundamentally misunderstand?

One thing's certain: The crypto markets never miss a chance to turn regulatory approval into volatility porn. Buckle up.

Ethereum price technical analysis

The daily chart shows that the ETH price has been in a strong bull run in the past few weeks, moving from a low of $1,382 in April to over $3,500. 

ETH has formed a golden cross as the 200-day and 50-day moving averages crossed each other. The Relative Strength Index has continued rising, while the Average Directional Index soared to 38, the highest point since May 17 this year. 

The soaring ADX indicator is a sign that ETH rally is gaining momentum. Therefore, the token will likely continue rising, with the next point to watch being at the psychological point at $4,000. However, with the coin being highly overbought, there is a risk that it will have a brief pullback and then resume the uptrend.