Ethereum News Today: Ethereum Surges Past $4,000 As Bulls Eye $5,500 or $3,200 Pivot Points

Ethereum recently surged past the $4,000 level, sparking renewed optimism among bulls who are now eyeing a potential breakout to $5,500 or a short-term pullback toward $3,200. The move comes after a sharp recovery from a low of $1,500, with technical indicators showing strong bullish momentum. The MACD on the 4-hour Binance chart has remained in a positive trend since an August 3 crossover, with volume spiking in line with upward price movement [1]. These signs suggest sustained buying pressure and a lack of bearish divergence, with higher highs and higher lows remaining intact.

The current price action is testing a key resistance zone around $4,200, a level that has historically triggered corrections in past cycles. While Ethereum trades slightly above $4,000, the RSI is nearing 65, edging into overbought territory. Previous reversals have occurred at RSI levels above 70, indicating a potential short-term cooldown could be in play. Open interest is also approaching a critical trendline, which may lead to a temporary dip before a resumption of the upward trend [1].

Analysts at Rose Premium Signals have outlined two key scenarios for the near term. A clean breakout above $4,000 could propel Ethereum toward $5,000–$5,500, while failure to break through resistance may result in a correction toward $3,200–$3,400 before the uptrend resumes [1]. This dual-path analysis reflects the high volatility and uncertainty typical of Ethereum at key price levels.

On a longer-term view, Captain Faibik highlights that Ethereum has broken out of a multi-year symmetrical triangle on the monthly chart. The breakout above $3,460 in mid-2025 marks the first monthly close above this resistance since 2021. The measured target of this pattern projects a potential move toward $12,000, with intermediate resistance around $5,500 [1]. This long-term structure suggests that if the current bullish momentum holds, Ethereum could be entering a significant bull run.

The broader crypto market has also shown strength, with CoinMarketCap reporting that total crypto market capitalization increased from $410 billion to over $500 billion between August 3–9 [1]. This rise underscores a generally positive market environment and supports the possibility of continued Ethereum gains.

While the immediate focus remains on the $4,000 resistance level, the broader technical and market context suggests Ethereum remains in a strong position. Whether it breaks out or experiences a short-term correction, the long-term bullish structure appears intact, offering both short-term traders and long-term investors key levels to monitor.

Source: [1] Ethereum Bulls Charge Past $4K—What Will Happen Next?Breakout to $5.5K or $3.2K (https://cryptofrontnews.com/ethereum-bulls-charge-past-4k-what-will-happen/)