Ethereum News Today: Ethereum Nears $4,000 Resistance Amid Strong Bullish Momentum

Ethereum is currently nearing the $4,000 resistance level with strong bullish momentum, supported by a favorable technical setup and sustained buying pressure. After breaking above $3,000 in early July, the asset has maintained an uptrend, bolstered by a bullish alignment of moving averages. The 21-day exponential moving average (EMA) provides dynamic support, while Ethereum remains just below a historically significant resistance level at $3,815, which has previously acted as both a barrier and a magnet for price action. Despite the RSI reading above 80—indicating overbought conditions—this is more commonly associated with a consolidation phase than an immediate reversal. A decisive move above $4,000 would require continued participation from momentum traders and strong volume confirmation [1][2][3].

XRP, on the other hand, is testing critical support near $3 amid a slowing momentum phase. Following a sharp rise above $3.70 in July, the asset has entered a correction with declining volume and lower highs. The lack of strong accumulation is evident in the volume profile, suggesting a distribution pattern rather than a continuation of the bullish trend. With the RSI declining from overbought levels and no significant buying pressure, XRP faces the risk of further declines should the $3 level be breached. A breakdown could see the price test the $2.99–$2.75 consolidation zone, potentially erasing recent gains [1].

Dogecoin shows signs of exhaustion as it struggles to maintain its recent highs. After briefly rising above $0.29, the price has fallen back below key moving averages and is now trading near $0.22. The formation of lower highs and lower lows indicates weakening momentum, with high volume during the correction reflecting stronger selling pressure than buying interest. If Dogecoin fails to find support near $0.21, it risks further declines toward $0.20 or even $0.19. The RSI is trending downward, reinforcing the bearish bias and suggesting that any recovery would require strong volume support [1].

Analysts note that Ethereum’s ability to break the $4,000 level will depend on sustained buying pressure and favorable macroeconomic conditions. While the current overbought RSI signals possible consolidation, the strong support from moving averages continues to favor an upward bias [1]. For XRP, the absence of volume support raises concerns over its ability to hold key levels, with a breakdown below $3 likely to signal deeper correction. Dogecoin remains in a vulnerable position without clear support, and further declines appear probable without a reversal in momentum [1].

The broader market remains sensitive to macroeconomic developments, particularly central bank policy. If the U.S. Federal Reserve signals dovish intentions in the coming weeks, Ethereum is expected to react positively, potentially sweeping liquidity above the $4,000 threshold [3]. However, until such signals are confirmed, the market remains cautious, with liquidity movements and macroeconomic data expected to play a key role in determining the near-term trajectory of major crypto assets [1].