Ethereum 4-year chart broke out, but confirmation required with a weekly close above resistance.

Ethereum 4-year chart broke out, but confirmation required with a weekly close above resistance.

Ethereum (ETH) has shown remarkable resilience and strength over the past few weeks, with its 4-year chart breaking out of a significant resistance level. Analysts are closely monitoring the weekly close to confirm this breakout, which could signal a potential move towards $4,000 and beyond.

In late July 2025, Ethereum (ETH) surged past $3,733–$3,880, with analysts predicting a potential move towards $4,000 and a broader altcoin rally [1]. The price of Ethereum has shown consistent strength, climbing to $3,908.14 on August 7, a 6% increase from the previous day and a 7% gain over the past week [3]. This upward momentum has been attributed to a broader market rally and favorable developments in U.S. crypto regulations, including 401(k) investment flexibility [5].

Among the Ethereum-based tokens gaining traction is Ethena (ENA), which is showing a short-term bullish structure and rising open interest (OI). Ethena is currently trading at around $0.616, with analysts noting that a close above $0.60 could indicate increased liquidity and potential movement toward the key resistance at $0.70 [1]. Additionally, Remittix (RTX) has emerged as a notable token within the Ethereum network, raising over $18.2 million through the sale of 583 million tokens at $0.0895 each [1].

Despite the optimism, the market remains cautiously positioned. Futures traders have noted mixed signals, including outflows from ETH ETFs like ETHE, which could indicate fluctuating investor sentiment [6]. However, the spot market continues to show strength, with some traders positioning for potential gains if ETH trades below $4,000 before rebounding [4].

The current technical setup for ETH suggests a favorable environment for further gains, but traders are advised to monitor key resistance levels and trading volume for confirmation of a sustained breakout. As the week progresses, the market is closely watching whether ETH will push toward a new all-time high or face renewed downward pressure.

Ethereum’s weekly price chart now shows a striking similarity to Bitcoin’s V-shaped recovery from the 2018–2020 cycle, suggesting a similar outcome [2]. A side-by-side comparison of the two charts indicates that Ethereum may follow Bitcoin’s earlier breakout pattern, which led to an explosive run-up. With Ethereum entering a breakout and retest phase, a critical question emerges: is ETH about to follow BTC’s past path toward new highs?

The structure’s symmetry is the core of this comparative analysis. Ethereum appears to have formed the same sequence of market stages: accumulation, rejection, risk shock, breakout, and now retest. This suggests it may be early in a potential macro uptrend [2]. The final blue box labeled “Run-up” indicates a projection that Ethereum could repeat Bitcoin’s parabolic surge post-breakout, which would imply multi-year highs and significant expansion in market capitalization.

Ethereum is currently approaching a key resistance level near $4,100, with traders and analysts closely monitoring how the price reacts to this area. The cryptocurrency has shown resilience, bouncing off a primary support range between $3,200 and $3,400, which holds a 70% probability of acting as a strong support zone [1]. The price has maintained above $3,900, indicating that bullish momentum remains intact despite recent volatility [7]. The $4,100 resistance level is a critical threshold for Ethereum. If the price consolidates or stalls near this level, it may allow for stop-loss orders to be cleared or for a temporary retracement before a more sustained move higher [2]. Volume analysis supports the relevance of these key levels, with increased trading activity observed during major price moves. This suggests that the identified support and resistance zones are functioning as expected [1].

Technical indicators offer mixed signals regarding Ethereum’s immediate momentum. The Relative Strength Index (RSI) stands at 65.72, showing continued buying pressure but approaching the overbought threshold of 70. This indicates that while buyers remain in control, caution is warranted as the indicator nears saturation [2]. In contrast, the Moving Average Convergence Divergence (MACD) reflects a weakening in upward momentum. The MACD line at 164.12 remains below the signal line at 181.79, with a histogram value of -17.66 confirming a bearish crossover. This suggests a potential short-term consolidation or a minor pullback [1]. However, if buying pressure intensifies, a bullish crossover between the MACD and signal line could signal renewed strength and align with the RSI’s bullish stance. Whale activity has also added 1.8M ETH in 30 days, indicating significant buying interest [1].

In conclusion, Ethereum’s 4-year chart has broken out, but confirmation is awaited with a weekly close above resistance. The technical setup suggests a favorable environment for further gains, with key resistance levels and trading volume to be closely monitored. If Ethereum follows Bitcoin’s historical pattern, a major rally phase could begin by early 2026.

References:
[1] Ethereum Gains Strength Above $3700—Is $4000 Within Reach? (https://bravenewcoin.com/insights/ethereum-eth-price-prediction-ethereum-gains-strength-above-3700-is-4000-within-reach)
[2] Ethereum Price Prediction: ETH Price in 2025,2026,2027 (https://coindcx.com/blog/price-predictions/ethereum-price-weekly/)
[3] Ethereum Price, ETH Price, Live Charts, and Marketcap (https://www.coinbase.com/price/ethereum)
[4] Page 3 | ETH Futures Contract Trade Ideas (https://www.tradingview.com/symbols/DERIBIT-ETHUSD1%21/ideas/page-3/?contract=ETHUSD08Q2025&sort=recent)
[5] [LIVE] Latest Crypto News, August 8 – Rally as Trump ... (https://99bitcoins.com/news/altcoins/live-latest-crypto-news-august-8-rally-as-trump-approves-401k-crypto-investments-eth-breaks-3900-next-crypto-to-explode/)
[6] Page 4 | ETHUSD Futures Contract Trade Ideas (https://www.tradingview.com/symbols/OKX-ETHUSD1!/ideas/page-4/?contract=ETHUSD08Q2025&sort=recent)
[7] Ethereum Bounces to $3,900, Bulls Target $4,000 Breakout (https://www.ainvest.com/news/ethereum-news-today-ethereum-bounces-3-900-bulls-target-4-000-breakout-2508/)