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

Ethereum (ETH) is drawing attention as key price indicators suggest it is nearing a major breakout. Analysts from multiple sources have highlighted that the price of ETH is just one bullish candle away from breaking above the $4,000 resistance level. This potential move has triggered discussions about the next major all-time high (ATH) target, which is now set at $5,000 [1].

According to recent data, ETH is currently trading around $3,900, having risen 6.2% in the last 24 hours. The asset’s market cap stands at approximately $471 billion, with a 24-hour trading volume of $43.1 billion [1]. Analysts have noted that the price is only 20% away from its previous ATH of $4,891.70, set four years ago, and is showing strong signs of reclaiming the $4,000 price range.

Several crypto analysts have pointed to bullish technical signals. Merlijn The Trader, a well-known figure in the trading community, stated that the Wyckoff cycle for ETH is complete, and the final phase has been triggered. He emphasized that this phase marks a turning point where disbelief among traders could shift to fear of missing out (FOMO) [1]. The analyst added that ETH whales and institutional investors have already begun accumulating the asset aggressively ahead of a potential $4,000 breakout.

Ted Pillows, another prominent analyst, shared a similar outlook. He noted that the current ETH price setup closely resembles the May–June 2025 pattern, which led to a new yearly high. He expressed confidence that a $5,000 ETH price target is achievable within Q3 of 2025 [1]. According to his analysis, the price is poised for a sharp move upward, akin to a bear trap scenario that could see ETH surge past $4,000 and into the $5,000 range.

Rekt Capital also contributed to the bullish sentiment by highlighting Ethereum’s dominance (ETHDOM) metric, which has recently crossed the 12% threshold. This is a significant level not seen since July 2020, followed by a period of consolidation and then a major breakout in 2021. This pattern suggests a similar phase may be emerging in the current market cycle [1].

Additionally, Alex Clay noted an 18-month descending broadening wedge on the ETH daily chart. As the price moves toward the upper boundary of this pattern, a breakout is considered imminent [1]. ETH’s ability to hold above the $3,850 level would be a strong signal of a continuation of the bullish trend, potentially leading to a new all-time high.

As of the latest data, Ethereum is trading at $3,826, with a 48% monthly gain. If the price can maintain its upward momentum and overcome key resistance levels, it could be on its way to reaching the $5,000 target [1].

Source: [1] Ethereum Breakout Is 'Imminent' Amid $3,850 Retest – Analyst Eyes $5,000 For This Quarter. URL: https://cryptorank.io/ru/news/feed/ae4b3-ethereum-breakout-is-imminent-analyst-eyes-5000-for-this-quarter