Ethereum News Today: Ethereum's $4,100 Crossroads: Bulls and Bears Clash in Uptrend Showdown

Ethereum (ETH) has surged past $4,100, sparking renewed debate among analysts about its potential for a sustained bullish run. The price action follows a breakout from a multi-month wedge pattern, with open interest in ETH futures reaching an all-time high of $28.2 billion in late July Ethereum Price Tests Key Resistance as Analysts Eye Breakout Above $4,100^[1]. This surge in leveraged trading activity, coupled with rising spot prices, has intensified speculation about a potential move toward $4,800–$6,000, contingent on ETH's ability to hold above critical resistance levels Ethereum Price Tests Key Resistance as Analysts Eye Breakout Above $4,100^[1].

Technical analysis highlights the $4,100–$4,250 range as a pivotal battleground. The price has retested this zone multiple times, with bulls aiming to convert it into support for a continuation of the uptrend. On the 4-hour chart, ETH has formed a broadening descending wedge, and a clean breakout above $3,830 in July was confirmed by bullish candlestick patterns with minimal upper wicks Ethereum Price Tests Key Resistance as Analysts Eye Breakout Above $4,100^[1]. Weekly charts show ETH hovering near $3,832, just below the $4,100 barrier, which has historically acted as a resistance level since 2024 Ethereum Price Tests Key Resistance as Analysts Eye Breakout Above $4,100^[1]. Analysts like Ali Martinez and Ted emphasize that a close above $4,100 on daily or weekly charts would signal strong bullish momentum Ethereum Price Tests Key Resistance as Analysts Eye Breakout Above $4,100^[1].

Institutional demand and on-chain activity further underpin the bullish case. Ethereum's internal contract calls-a metric tracking network interactions like DeFi and real-world asset (RWA) tokenization-have surged to 9.5 billion daily, reflecting structural growth in ecosystem activity ETH Hits 'New Normal' as On-Chain Activity Surges - Cointelegraph^[3]. Institutional inflows and RWA tokenization, which reached $11.7 billion in value locked in 2025, have become major catalysts for ETH demand ETH Hits 'New Normal' as On-Chain Activity Surges - Cointelegraph^[3]. Additionally, corporate Ethereum holdings grew to 5.25 million ETH in August, though accumulation has slowed compared to earlier months Ethereum Price Holds Above $4,100 as Market Eyes $4,250 Breakout^[2].

Short-term price targets hinge on technical indicators. The MACD histogram, at 42.3262, and RSI near 58.49 suggest strong but not overbought momentum ETH Price Prediction: Ethereum Targets $5,200 by November 2025^[4]. Bollinger Bands indicate ETH is approaching the upper band at $4,743, signaling increased volatility. If ETH breaks above $4,644, analysts project a target of $5,200 by November 2025 ETH Price Prediction: Ethereum Targets $5,200 by November 2025^[4]. However, a breakdown below $4,320 (the 20-day SMA) could trigger a retest of support at $4,000–$3,800 ETH Price Prediction: Ethereum Targets $5,200 by November 2025^[4].

Market sentiment remains cautiously optimistic. Community polls show 82% of voters expect continued upward momentum, with only 18% bearish Ethereum Price Holds Above $4,100 as Market Eyes $4,250 Breakout^[2]. Yet, bearish risks persist. A recent pullback below $4,500 exposed $4,250 as a critical support level, with further declines potentially targeting $4,150 or $4,000 . Analysts like Ted warn that short-term volatility could be driven by algorithmic trading behavior, particularly if ETH struggles to maintain above $4,250 .

Long-term forecasts vary widely. While some models project ETH reaching $10,000 by year-end ETH Hits 'New Normal' as On-Chain Activity Surges - Cointelegraph^[3], others suggest a more conservative $5,200 target by November 2025 ETH Price Prediction: Ethereum Targets $5,200 by November 2025^[4]. The key variables remain liquidity conditions, institutional participation, and macroeconomic factors. As ETH approaches the final weeks of July, traders are closely monitoring open interest dynamics and order-book depth to gauge the likelihood of a sustained breakout Ethereum Price Tests Key Resistance as Analysts Eye Breakout Above $4,100^[1].