Ethereum News Today: Ethereum Retests $3,500 Support as Bulls Target $4,000 Breakout

Ethereum’s price action has intensified focus on the $3,500 support level as bulls attempt to push the cryptocurrency above the critical $4,000 resistance threshold. The asset’s recent consolidation near $3,500 underscores a pivotal technical juncture, with traders closely monitoring whether the support holds to validate a potential bullish breakout. Technical indicators, including the Moving Average Convergence Divergence (MACD) and 20-day Exponential Moving Average (EMA), suggest sustained buying momentum, reinforcing the possibility of upward movement [1]. Market analyst Lark Davis highlighted that the $3,500 zone—previously a resistance level—has transformed into a key support area, serving as a foundation for stabilization before a renewed rally [2]. A sustained close above $4,000 could trigger renewed investor interest, particularly from short-term and mid-term buyers, according to COINOTAG sources [3].

The current price dynamics reflect a delicate balance between bullish optimism and caution. Ethereum’s Relative Strength Index (RSI) has retreated from overbought levels, signaling a temporary cooling phase rather than a reversal. Meanwhile, the MACD remains in positive territory, indicating ongoing bullish potential. However, traders warn that a breakdown below $3,500 could trigger a decline toward $3,000, aligned with the 50-day EMA [4]. Weekly gains, despite short-term volatility, suggest underlying strength in the asset’s broader trend. CoinDCX analysts forecast that a sustained hold above $3,500 could propel Ethereum to $4,000–$4,100 by late July, though bearish indicators like profit-taking and consolidation near key levels remain risks [5].

Whale activity has also played a role in Ethereum’s recent movements. The cryptocurrency surged to $3,800 in late June following a three-week rally from $2,500, driven by whale purchases and ETF inflows. Over the past month, $2.6 billion in Ethereum has been accumulated, signaling long-term bullish sentiment [6]. Yet, short-term exhaustion is evident, as Ethereum struggles to sustain gains above $4,000 despite robust technical metrics. TradingView data reveals intraday price targets between $3,653–$3,810, reflecting the tight equilibrium between buying pressure and profit-taking [7].

The $4,000 level represents a psychological and technical milestone. Bulls view it as a catalyst for further upward movement, while bears emphasize the volatility risks as the market digests recent gains. A confirmed breakout would likely attract momentum-driven traders and institutional participants, potentially reinforcing Ethereum’s price trajectory. Conversely, a failure to breach $4,000 could reignite selling pressure, testing the resilience of the $3,500 support zone [8]. Analysts also note reduced Bitcoin flow to exchanges as a sign of risk-on behavior across crypto markets, which could indirectly bolster Ethereum’s performance [9].

Investors are advised to monitor volume and price action closely in the coming weeks. A successful breakout above $4,000 may align with broader expectations for a mid-year rally, while a pullback below $3,600 could signal renewed bearish momentum. The absence of major institutional or regulatory news underscores the technical nature of current movements, with whale activity, ETF demand, and macroeconomic factors remaining critical variables.

Source:

[1] [Ethereum Price Prediction: ETH Price in 2025,2026,2027] [https://coindcx.com/blog/price-predictions/ethereum-price-weekly/]

[2] [Ethereum Retests $3,500 Support as Bulls Eye Potential Breakout Above $4,000 Resistance July 24, 2025] [https://en.coinotag.com/ethereum-retests-3500-support-as-bulls-eye-potential-breakout-above-4000-resistance/]

[3] [Ethereum’s $3,500 Support Retest: A Crucial Technical Juncture] [https://en.coinotag.com/ethereum-retests-3500-support-as-bulls-eye-potential-breakout-above-4000-resistance/]

[4] [Momentum Indicators Signal Cautious Optimism Amid Price Consolidation] [https://en.coinotag.com/ethereum-retests-3500-support-as-bulls-eye-potential-breakout-above-4000-resistance/]

[5] [Ethereum Price Prediction: ETH Price in 2025,2026,2027] [https://coindcx.com/blog/price-predictions/ethereum-price-weekly/]

[6] [Why Ethereum Is Surging: Expert Forecasts, Whale Buying, ...] [https://yellow.com/research/why-ethereum-is-surging-expert-forecasts-whale-buying-and-the-future-of-eth-in-2025]

[7] [ETHUSDT_63B30D.USD trade ideas] [https://www.tradingview.com/symbols/ETHUSDT_63B30D.USD/ideas/?asset=base&video=yes]

[8] [Ethereum Price Surges as Whale Activity Eyes $4K Breakout] [https://www.coingabbar.com/en/price-prediction/ethereum-price-surges-whale-accumulation-eyes-4000-breakout?srsltid=AfmBOor9S_s12pYVMBhkCUm0DpUqEFO2CtnzJqaxoP5g8FY_QID4PWi3]

[9] [Analyst: Low Bitcoin Flow to Exchanges Points to High ...] [https://m.fastbull.com/news-detail/analyst-low-bitcoin-flow-to-exchanges-points-to-news_6100_0_2025_3_4431_3/6100_ETH-USDT]