Ethereum News Today: Ethereum Near $4,000 Breakout With 48% Monthly Gain

Ethereum is poised on the brink of a major price breakout as it trades near $3,899, with $4,000 emerging as a critical resistance level. The current price action mirrors a similar pattern observed in May–June 2025, a period that led to a yearly high. Analysts have noted that a bullish candle above $4,000 could confirm the next upward phase, with the next key target between $4,255 and $4,369 [1]. On-chain data shows strong support near $3,626, with over 3.48 million wallets accumulating near that level, reinforcing the potential for a sustained move higher [2].

Technical indicators, including the Bull Bear Power and funding rate, show positive momentum, supporting the case for a continued bullish trend. Ethereum’s chart has formed a bull flag pattern, with price action currently testing the flag’s upper boundary. A confirmed breakout could propel the asset toward its 2021 high and beyond [3]. Lennaert Snyder noted that ETH has reclaimed the $3,900 range on the 4-hour chart, with all potential higher-lows presenting significant opportunities. A confirmed move beyond $4,000 would signal a structural shift in market sentiment [4].

Market activity also supports a bullish setup, with institutional and whale accumulation playing a key role in ETH’s recent price dynamics. Corporate Ethereum holdings surged by 127.7% in July, reaching 2.7 million ETH, driven by ETF-related inflows and increased DeFi activity. Large wallet holders added over $1.2 billion in ETH over the same period, indicating long-term positioning [5]. Exchange supply has continued to decline, signaling reduced sell pressure and reinforcing the narrative of a market in transition [6].

On August 7, Ethereum briefly broke above $4,000, reflecting growing confidence among traders and investors. Analyst Ted Pillows highlighted that the current price structure closely resembles the May–June 2025 pattern, which led to a new yearly high. He suggested that a breakout beyond $4,000 could set the stage for a move toward $5,000 in Q3 2025 [7]. This optimism is underpinned by Ethereum’s strong fundamentals, including network upgrades and rising transaction volumes, which have hit 46.67 million in July [8].

Despite the bullish momentum, some caution remains in the market. While bulls are currently in control, the ability to sustain gains above $4,000 will determine whether this is a short-term rally or the start of a new uptrend. With the $3,920 level already tested and the $4,000 mark in focus, Ethereum’s next move will be closely watched by traders and investors alike [9].

Source:

[1] Ethereum Breakout Is 'Imminent' – ETH Eyes $5000 For Q3 – (https://www.newsbtc.com/news/ethereum-breakout-is-imminent-analyst-eyes-5000-for-this-quarter/)

[2] Ethereum Nears $4000 Breakout With 48% Monthly Gain – (https://www.ainvest.com/news/ethereum-news-today-ethereum-nears-4-000-breakout-48-monthly-gain-2508/)

[3] Ethereum Surges 5.59% Past $4000 as Bulls Gain Control – (https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-5-59-4-000-bulls-gain-control-2508/)

[4] Crypto Weekly Wrap: 8th August 2025 – (https://www.iconomi.com/blog/crypto-weekly-wrap-8th-august-2025)

[5] The world's second-largest crypto asset, Ethereum, surged ... – (https://www.facebook.com/groups/446589253668862/posts/the-worlds-second-largest-crypto-asset-ethereum-surged-above-4000-this-morning-a/1099865535007894/)

[6] Ethereum Whales Add 1.80 Million ETH In 30 Days – (https://www.mitrade.com/insights/news/live-news/article-3-1025062-20250808)

[7] Why Crypto Is Going Up? Bitcoin, Ethereum, XRP and ... – (https://www.financemagnates.com/trending/why-crypto-is-going-up-bitcoin-ethereum-xrp-and-dogecoin-prices-today-lead-broad-rally/)

[8] Ethereum is showing strong signs of a potential breakout as its price nears critical resistance levels. Multiple analysts and market observers have noted that Ethereum (ETH) is just one bullish candle away from surging above the $4,000 threshold, a key psychological level that has drawn attention over recent weeks (https://cryptofrontnews.com/eth-is-one-bullish-candle-away-from-breakout/)

[9] ETH is just one bullish candle away from a major breakout. The setup looks very similar to May/June 2025, which led to a new yearly high (— Ted (@TedPillows) August 7, 2025)