Ethereum News Today: Ethereum Nears $4,000 Resistance With 3.60% 24-Hour Gain

Ethereum is approaching the critical $4,000 resistance level, with technical indicators showing a setup similar to bullish patterns observed in May–June 2025. The price is currently trading at $3,964.89, reflecting a 3.60% increase in the last 24 hours. This near-term action suggests that a breakout could be imminent, potentially propelling the asset toward the $5,000 target [1].

The price structure is forming a series of bull and bear traps beneath the $4,000 level, echoing patterns seen in previous bullish cycles. According to trader @TedPillows, Ethereum is just one bullish daily candle away from confirming the breakout. In the prior phase, a similar setup led to a surge to a new yearly high [1].

A confirmed breakout above $4,000 could have broader implications for the cryptocurrency market. Historical data suggests that such a move may trigger a fear-of-missing-out (FOMO) effect, leading to capital rotation into altcoins and potentially igniting broader market enthusiasm. The current chart also indicates that the price has rebounded after being rejected at the $3,900–$4,000 resistance zone, which has helped to eliminate weaker positions and attract aggressive short sellers [1].

The current market dynamics are being closely monitored by traders and analysts. The formation of bullish momentum following the rejection at the $4,000 zone suggests that strong buyers are positioning for a potential rally. If Ethereum manages to close above the $4,000 threshold, it may signal a shift in market sentiment and serve as a catalyst for further upward movement [1].

A breakout above $4,000 is viewed by many as a significant psychological and technical level. It could serve as a confirmation of bullish momentum and lead to renewed interest in Ethereum-based projects and related altcoins. The market has shown in the past that a strong Ethereum move can trigger a chain reaction across the broader crypto space [1].

While the market remains cautious, the technical indicators and price behavior suggest that a breakout is possible. If the trend continues, Ethereum could move into a new phase of accumulation and distribution, with potential for further upside. However, any move should be interpreted with care, as market conditions can shift rapidly [1].

Source: [1] Ethereum Approaches $4,000 Resistance: Could a Breakout Signal a Rally Toward $5,000? (https://en.coinotag.com/ethereum-approaches-4000-resistance-could-a-breakout-signal-a-rally-toward-5000/)