Ethereum News Today: Ethereum Surges Past $3,300 Support as Bullish Crossover and High RSI Signal $4,107 Target

Ethereum (ETH) has demonstrated persistent bullish momentum, with prices maintaining control above critical support levels and technical indicators suggesting a potential upward breakout. Current analysis highlights a strategic focus on the $4,107 resistance threshold, which, if breached, could propel ETH toward the $4,400 target, a historically significant zone [1].

On the daily chart, Ethereum has transformed the $3,300 area—once a key resistance—into a reinforced support level. The 100-day and 200-day moving averages have formed a bullish crossover, validating the uptrend. While the Relative Strength Index (RSI) has eased from overbought territory, it remains elevated, signaling strong buyer participation. Sustained volume and price action reaffirm the dominance of bullish sentiment, with analysts noting that consolidation within the $3,300–$4,100 range is a classic precursor to trend continuation [1].

Shorter-term dynamics on the 4-hour chart reinforce the positive outlook. A well-defined ascending trendline has held firm, with each pullback met by aggressive buying. However, caution is advised as overbought conditions persist. A failure to maintain above $3,700 or the trendline could trigger a correction toward $3,500, a level aligned with daily support. This scenario would serve as a healthy reset rather than a bearish reversal [1].

On-chain metrics further underscore market confidence. Open interest (OI) across exchanges has surged to a multi-year high of $27 billion, reflecting robust speculative positioning. Elevated OI typically correlates with trend strength but also raises the risk of a long squeeze if the price reverses. However, moderate funding rates suggest traders are not excessively leveraged, reducing the likelihood of an immediate deleveraging event. This balance positions Ethereum to potentially test $4,100 without triggering abrupt volatility [1].

Analysts and institutional players have amplified the bullish narrative. Cointelegraph reports that Ethereum’s performance has outpaced Bitcoin’s recent corrective phase, with ETH remaining on track for $4,000 despite Bitcoin’s decline to $115,000 [2]. Galaxy Digital CEO Michael Novogratz forecasts a $4,000 target for ETH, citing growing ETF inflows and institutional adoption. Meanwhile, PowerTrade Options highlights consolidation near $3,850—up from June lows near $2,200—as a precursor to a breakout [3]. Whale activity also supports the case: CFGI.io noted Ethereum whales accumulating $400 million in ETH during the stabilization phase, signaling long-term confidence [4].

However, not all forecasts are uniformly optimistic. TradingView analysts warn of potential consolidation after mid-July rallies, with current levels near key support zones [5]. The Ethereum Fear and Greed Index remains neutral, indicating a balanced market psychology. While the $4,000 target is intact, short-term volatility or sideways movement could test sentiment.

Ethereum’s trajectory is also influenced by broader crypto trends. Validator exit queues—measuring stakers withdrawing ETH—surged to 521,000 in mid-July, per Mitrade. While this reflects high staking yields, it does not directly correlate with price action toward $4,000 [6]. The focus instead remains on Ethereum’s leadership as an altcoin and ETF-driven adoption.

Sources:

[1] [Ethereum Price Analysis: Is ETH Gearing Up for a Surge to $4K?](https://coinmarketcap.com/community/articles/688644ca47b6646c8de9dc48/)

[2] [ETH price still on track for $4K even as Bitcoin, altcoins sell off](https://cointelegraph.com/news/eth-price-still-on-track-for-dollar4k-even-as-bitcoin-altcoins-sell-off)

[3] [ETH on Track to Hit $4K And Beat Bitcoin: Galaxy Digital CEO](https://cryptorank.io/news/feed/b1cd3-eth-on-track-to-hit-4-k-and-beat-bitcoin-galaxy-digital-ceo)

[4] [Calls, Breakouts, and Bullish Bets: Inside Crypto’s Hot Streak](https://medium.com/@powertrade_options/calls-breakouts-and-bullish-bets-inside-cryptos-hot-streak-july-25-2025-f52b12c60708)

[5] [Ethereum Fear and Greed Index | Multiple Timeframes](https://cfgi.io/ethereum-fear-greed-index/)

[6] [Ethereum Validator Exit Queue Explodes To 521000 ETH](https://www.mitrade.com/au/insights/news/live-news/article-3-988958-20250726)