Ethereum News Today: Ether hits $3,800 as analyst eyes $15,000–$16,000 target in current cycle

Ether (ETH) has drawn significant attention from analysts following its rise to $3,800 on July 31, with some forecasting potential five-digit price targets. A popular crypto chart analyst known as “Edward” has suggested that the cryptocurrency could reach the $15,000–$16,000 range in this cycle, citing a favorable technical setup and growing institutional interest [1]. His analysis focuses on a “clean ascending triangle” pattern visible on the monthly ETH chart, a formation historically observed just before major price surges, including the 2,000% rally in 2020.

According to Edward, a breakout above $4,000 could lead to a similar trajectory, with the projected vertical range of the triangle suggesting an upside target in the $15,000–$16,000 zone. He emphasized that rising institutional demand, combined with limited supply—issuance is capped at under 1 million tokens annually—has created a compelling backdrop for sustained price growth. Additionally, the recent performance of U.S.-listed spot ether ETFs has reinforced this narrative, with inflows exceeding $5.3 billion over 18 consecutive trading days since early July [1].

Edward also highlighted Ethereum’s evolving role as programmable collateral within a multi-chain financial ecosystem. Innovations such as restaking, Layer 2 solutions, and real-world asset integrations are redefining ether’s utility beyond its speculative appeal, embedding it into the foundational infrastructure of decentralized finance [1]. This shift, he argues, supports a broader macroeconomic repositioning of the asset.

While bullish signals are strong, some analysts have cautioned that a short-term top near $4,000 is possible. Michaël van de Poppe noted that reduced volatility often precedes a local peak and suggested a minor correction could follow any immediate resistance [1]. He, however, sees this as part of a healthy buildup toward a potential altcoin bull cycle over the next 12–24 months. At the time of writing, ether was trading around $3,800, up 1.01% in the last 24 hours [1].

Technical indicators for ETH on July 31 showed a 1.01% increase in the 24-hour period, with the price rising from $3,762.87 to $3,800.85. The day’s trading range was 4.87%, extending from an intraday low of $3,693.42 to a high of $3,873.39. Notably, a sharp V-shaped recovery occurred after a dip to $3,685.69 during the 18:00–19:00 UTC window, indicating strong institutional buying pressure. ETH closed the day near $3,800, with volume-supported bounces observed at $3,825 [1].

Source: [1] ETH Going to $16K in This Cycle? Analyst Explains Why This Could Happen (https://www.coindesk.com/markets/2025/07/31/eth-going-to-usd16k-in-this-cycle-analyst-explains-why-this-could-happen)