Ethereum News Today: Ethereum Surges 6.67% as $3,816 Breakout Boosts Bullish Momentum

Generated by AI AgentCoin World
Saturday, Aug 9, 2025 5:16 pm ET1min read
ETH
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Aime RobotAime Summary

- Ethereum’s price surged past $3,816 resistance after a V-shaped recovery, supported by rising volume and bullish technical indicators.

- A 6.67% 24-hour gain brings it near the $4,200–$4,300 zone, with analysts predicting potential $4,600 tests if the level holds.

- However, risks persist: a breakdown below $3,816 could trigger a pullback toward $3,600 and $3,150–$3,200 support levels.

- Technical indicators like the 50-day and 9-day moving averages show upward trends, reinforcing the bullish outlook as $3,816 now acts as support.

- Analysts called the $3,816 breakout a “perfect play,” emphasizing sustained strength above this level could drive broader market optimism, though caution is advised amid key resistance ahead.

Ethereum’s price has surged past the $3,816 resistance level following a sharp V-shaped recovery from its April lows, according to market observers. The recovery, marked by a well-defined upward trendline, indicates a strong shift in momentum in favor of

bullish
traders. The breakout has been supported by increased trading volume and positive technical indicators, suggesting sustained buying pressure and market confidence [1].

In the 24 hours preceding the report,

Ethereum
gained 6.67% in value, bringing it closer to the $4,200–$4,300 resistance zone. Analysts suggest that if the price continues to rise and remains above the key $3,816 level, it could test levels above $4,600 in the near future. A successful breakout and consolidation above this threshold could trigger a broader market rally, as Ethereum’s performance has historically influenced the broader cryptocurrency sector [2].

However, the market is not without risks. Should Ethereum fail to hold above $3,816, there is a potential for a pullback toward the $3,600 and $3,150–$3,200 support zones. The 24-hour trading volume has reached $39.76 billion, reflecting high market activity, while Ethereum has appreciated 18.30% over the previous seven days. These figures highlight the cryptocurrency’s recent resilience and investor participation [3].

Technical indicators, including the 50-day moving average at $3,150.77 and the 9-day exponential moving average at $3,816.11, show an upward trajectory, reinforcing the bullish outlook. The $3,816 level, previously a significant resistance, is now acting as a support area, providing a key psychological barrier for further gains [4].

Market analysts have noted that the V-shaped recovery appears to have unfolded as expected, with the breakout above $3,816 confirming the strength of the upward trend. Alpha Crypto Signal described the move as having “played out perfectly,” emphasizing that holding the price above this level could drive broader market optimism [5].

Despite the positive momentum, traders are advised to remain cautious. The price action will likely continue to be influenced by Ethereum’s ability to maintain above the $3,816 level and successfully navigate the $4,200–$4,300 resistance range. A breakdown below key support levels could result in renewed selling pressure and a retesting of lower price levels [6].

Source: [1] Ethereum Price Breaks $3,816 Resistance After V-Shaped Recovery, Targets $4,300 (https://coinmarketcap.com/community/articles/6897b7f00ddac76721c6f557/)

[5] Ethereum Breakout Mentioned in Market Update (https://twitter.com/alphacryptosign/status/1954038092048085429)