Ethereum News Today: Ethereum Surges Past $4,000 for First Time Since December 2024

Ethereum has broken above the $4,000 level for the first time since December 2024, triggering widespread speculation among analysts about the cryptocurrency’s future trajectory [8]. The token surged to a 44-month high of $4,237 in early August 2025, signaling a potential shift in market sentiment [9]. This development has reignited discussions around Ethereum's role as a bellwether for the broader crypto market and raised expectations of a prolonged bullish trend.

Analysts are closely watching key price levels to gauge the strength of the current rally. The $4,150–$4,200 range has been identified as a critical support zone, with sustained strength above this area potentially leading to a retest of the all-time high around $4,878 [2]. In a more ambitious forecast, some analysts believe Ethereum could reach $12,000 if institutional demand increases and bullish momentum holds, particularly following a major breakout in early August [1].

Technical analysis also suggests further upside potential. The Wyckoff Accumulation pattern is seen by some analysts as a strong case for Ethereum to reach $6,000 in the near term, with a subsequent pullback expected to confirm the trend before a more aggressive markup phase begins [1]. Another perspective focuses on the symmetrical triangle breakout, with analysts Crypto Rover and Titan of Crypto suggesting the $8,000 level could be in play within months [1].

More long-term forecasts, based on historical price fractals, suggest Ethereum may rise as high as $20,000 within 6–8 months, assuming similar patterns to those seen in January 2017 and April 2020 repeat [1]. These projections are supported by the fact that Ethereum has already retested key support levels multiple times in the past, leading to sharp, parabolic moves. Analyst Nilesh Verma points out that a sustained rally through April 2026 could see ETH hit a minimum of $10,000, with $20,000 as a best-case scenario [1].

The current price action has also created conditions favorable to a short squeeze, with over $817 million in short positions at risk of liquidation should Ethereum continue its upward trend [6]. This environment is described as "asymmetrical," indicating that the upside potential currently outweighs downside risk [2]. Such dynamics could further fuel momentum, especially if macroeconomic conditions remain favorable.

With the altcoin market showing signs of renewed interest, Ethereum’s performance is being viewed as a potential catalyst for broader crypto market participation [7]. The 24-hour trading volume has been robust, reflecting heightened activity and investor engagement [1].

While these forecasts paint an optimistic picture, analysts caution that the market remains volatile and that all investment decisions should be made with due diligence. The actual price trajectory will depend on a range of factors, including macroeconomic conditions, regulatory developments, and broader risk appetite in financial markets [5].

Source:

[1] How high will Ethereum price go after breaking $4K? ETH analysts weigh in - https://cointelegraph.com/news/how-high-can-the-ethereum-price-after-4k-go-analysts-weigh-in

[2] Ethereum Right Now Is More 'Asymmetrical,' Says Pro-XRP Lawyer - https://u.today/ethereum-right-now-is-more-asymmetrical-says-pro-xrp-lawyer

[5] Ethereum (ETH) is the standout coin today when it comes... - https://www.facebook.com/groups/cryptogb/posts/24141****72122338/

[6] Best Altcoins to Buy Now as Ethereum Blasts Past $4K and... - https://www.mitrade.com/au/insights/news/live-news/article-3-1026055-20250809

[8] Ethereum Price Breaks $4000 Mark for First Time Since... - https://coincentral.com/ethereum-price-breaks-4000-mark-for-first-time-since-december-2024/

[9] ETH Finally Breaks $4000! Where is It Going Next? - https://www.bitrue.com/blog/ethereum-breaks-4000-price-prediction-analysis