Ethereum News Today: Ethereum Surges Past $4,300 on Strong Technical and Institutional Momentum

Ethereum remains in a strong bullish phase, with price action indicating continued upward momentum. The asset has found key support near the $3,950 level and has since surged above $4,200, breaking through multiple psychological resistance zones including $4,000 and $4,250 [1]. On the hourly chart, a bullish trend line forms with critical support identified at $4,250, and the price remains above the 100-hourly Simple Moving Average [1].

The recent move above $4,300 and a high at $4,362 highlight the strength of the current uptrend. While the price is consolidating above the 23.6% Fibonacci retracement level of the upward move from $3,545 to $4,362, analysts remain optimistic about further gains [1]. If Ethereum stays above $4,150, the near-term outlook remains favorable, with resistance levels at $4,320, $4,350, and $4,400 acting as potential targets for the bulls [1].

Technical indicators also back the bullish case. The Hourly MACD for ETH/USD is gaining momentum in the bullish zone, while the RSI has crossed above the 50 level, signaling increasing buying pressure [1]. On the downside, a failure to break above $4,320 could lead to a pullback toward key support levels at $4,200, $4,120, and $4,050 [1]. However, as long as the price remains above the $4,150 zone, the bullish trend is expected to persist [1].

Analysts have noted that Ethereum’s performance is outpacing that of Bitcoin in recent sessions, with institutional buying and whale accumulation playing a crucial role in reinforcing the upward momentum [2]. The breakout above $4,000, a level that had held since December 2024, is seen as a significant milestone, indicating that the market is regaining confidence in the asset [2].

While some traders are cautious about short-term corrections due to increased exchange inflows, the broader narrative remains positive. The Bull Bear Power (BBP) indicator has entered positive territory, and the lack of sharp retracements suggests that sellers are struggling to gain control [3]. Analysts have forecast potential price targets at $5,500 in the short term and even $10,000 within the next six to eight months, based on Ethereum’s fundamentals and growing institutional interest [4].

Ethereum’s strong performance has also drawn attention in a broader crypto market that is showing signs of strength. While Bitcoin continues to rally, Ethereum’s recent price action and technical setup position it for significant upside in the near term [5]. If the current trend continues, Ethereum could challenge its all-time high of $4,868 in the coming weeks, with some bullish forecasts suggesting a potential move toward $12,000 [6].

Overall, Ethereum remains underpinned by both strong technical and fundamental factors. Although short-term volatility is possible, the overall trend favors further gains. Investors are advised to monitor key resistance levels and institutional activity for further confirmation of the trend’s sustainability [7].

Source:

[1] Ethereum Surges Past $4000 As Bulls Eye $5500 or $3200 Pivot Points (https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-4-000-bulls-eye-5-500-3-200-pivot-points-2508/)

[2] How High Can the Ethereum Price After $4K Go? (https://cointelegraph.com/news/how-high-can-the-ethereum-price-after-4k-go-analysts-weigh-in)

[3] Ethereum Price Blasts Through Resistance (https://www.msn.com/en-us/money/markets/ethereum-price-blasts-through-resistance-will-eth-make-new-highs-like-rtx/ar-AA1KbK81)

[4] Ethereum Bullish Fundamentals Clash With Short-Term Volatility (https://www.mitrade.com/insights/news/live-news/article-3-1029678-20250812)

[5] Ethereum Surges 10% as Deep-Pocketed Investors Shift to Presale Favorites (https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-10-deep-pocketed-investors-shift-presale-favorites-2508/)

[6] Could BTC, ETH, XRP Hit New Record Highs This Week? (https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-xrp-bulls-push-for-record-high-breakout-ethereum-consolidates-gains-202508111115)

[7] Ethereum Bulls Continue to Charge Toward $12K (https://bravenewcoin.com/insights/ethereum-eth-price-prediction-ethereum-bulls-continue-to-charge-toward-12k-as-price-briefly-breaks-4300)