Ethereum News Today: Ethereum Surges 65% on Strong Momentum and Key Resistance Breakouts

Ethereum has surged by 65% over the past month, driven by strong market momentum and the absence of significant pullbacks. The cryptocurrency has broken through key resistance levels and is now being closely watched as it approaches targets of $4,500 and beyond. Analysts, including Michael van de Poppe and Captain Faibik, have highlighted the potential for further gains, with long-term price targets reaching as high as $12,000 [1]. This upward movement follows a breakout from a multi-year ascending triangle, a technical pattern that has historically indicated strong bullish potential [1].

The rally has been supported by robust trading volume and a relative strength index (RSI) of 70, suggesting that Ethereum remains in a strong but potentially overextended position. Immediate resistance levels are estimated to be between $4,200 and $4,214, with further barriers at $4,500 and $5,000. If Ethereum manages to maintain prices above $3,800, analysts believe the upward trajectory could continue [1].

Van de Poppe noted that Ethereum’s price has rallied from a low of $2,250 in late April, accelerating as it broke through multiple resistance zones. This movement has led to increased investor confidence and a growing interest in the digital asset. According to the analyst, the measured move from the $2,531 breakout level suggests a potential target of $1,644.03 in the coming months [1].

Captain Faibik has also drawn attention to Ethereum’s breakout from a long-term ascending triangle, a pattern that has defined price action between $4,000 and $4,300 since 2021. This breakout is seen as a structural shift in the market, with the upper boundary of the triangle now serving as a confirmation level for the ongoing bullish momentum. The long-term target of $12,000 is based on the projected extension of this pattern, with intermediate resistance zones expected at $6,600 and $8,900 [1].

The current price action, which has seen Ethereum trading at $4,158.65 as of August 10, 2025, indicates a positive month for investors, with gains of over 9% recorded so far. Analysts suggest that sustained monthly closes above $4,300 could further validate the breakout and push the price toward higher levels. However, a drop below $4,000 could trigger a retest of the $2,500 to $3,000 support range [1].

The alignment of momentum, volume, and structural breakouts points to a market in transition, with Ethereum testing key resistance levels while maintaining support above crucial thresholds. As the asset continues to gain traction, analysts remain cautious but optimistic, emphasizing the importance of maintaining upward momentum to achieve long-term price targets.

Source: [1] Ethereum Surges 65%: Analysts Suggest Potential Targets of $4,500 and Beyond Amid Strong Market Momentum

https://en.coinotag.com/ethereum-surges-65-analysts-suggest-potential-targets-of-4500-and-beyond-amid-strong-market-momentum/