Ethereum News Today: Ethereum Surges 120% Since Q1 Low, Eyes $4,000 Breakout

Generated by AI AgentCoin World
Monday, Jul 21, 2025 1:54 am ET1min read
BTC
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ETH
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Aime RobotAime Summary

- Ethereum (ETH) has surged to $3,800, driven by Bitcoin's $118,000 rally and broader crypto market recovery.

- Analyst Doctor Profit highlights bullish technical signals, predicting ETH could break $4,000 and target $4,800-$20,000 in coming months.

- Key indicators include the 200-week EMA, ascending channel, and weekly triangle pattern, suggesting strong liquidity and upward momentum.

- The delayed "altcoin season" is now gaining traction, with ETH's 120% Q1 rebound positioning it for potential multi-year highs.

Ethereum (ETH) has reclaimed a bullish price range, trading around $3,800. This price movement comes as the broader cryptocurrency market continues to show signs of recovery, with

Bitcoin
(BTC) trading in the $118,000 range. The price of ETH has been on a steady rise since the beginning of the third quarter, following Bitcoin's new all-time high at $123,000. Analysts have noted that the altcoin season, which typically follows Bitcoin's price movements, was delayed this cycle but is now gaining momentum.

When Bitcoin corrected in the first quarter, ETH's price bottomed out at $1,700. Since then, it has steadily climbed, reclaiming higher targets and now trading around $3,800. This price movement has caught the attention of analysts, who are now predicting significant gains for ETH in the coming months. According to the analyst Doctor Profit, known for his accurate predictions, the main bullish pump for

Ethereum
has yet to begin, despite the current price range.

Doctor Profit, in a report released in February, highlighted multiple bullish indicators for ETH, including technical, psychological, and on-chain signals. He noted that the 200-week Exponential Moving Average (EMA) and the multi-year ascending channel suggest that ETH is poised to break the $4,000 price range soon. This breakout could trigger greater price pumps for the altcoin, as significant liquidity lies in the $4,000 price region. Once ETH reclaims this target, a massive amount of value is expected to flow into the asset, driving the price even higher.

Additionally, the weekly ascending triangle pattern on ETH's price chart is seen as one of the strongest indicators for the asset to claim higher targets. Doctor Profit is highly bullish on ETH's price prospects, predicting that the asset could soon reclaim its previous all-time high at $4,800 and shoot for much higher targets in the months ahead. According to the analyst's forecast, cycle top prices for ETH could range between $15,000 and $20,000. This bullish outlook is supported by the strong high-timeframe signals on ETH's price chart, which suggest that the asset is well-positioned for significant gains in the coming months.