Ethereum News Today: Ethereum Surges 7% in a Week as $4,000 Resistance Looms

Ethereum (ETH) has shown consistent strength in late July and early August 2025, with its price surging above key resistance levels near $3,733–$3,880. Analysts suggest this could signal a potential move toward $4,000 and beyond, marking a pivotal moment for the crypto market [1]. A breakout above this level is seen as a potential catalyst for a broader altcoin rally, particularly within the Ethereum ecosystem [7].

Recent price action supports a bullish outlook, with ETH climbing to $3,908.14 on August 7, a 6% increase from the previous day and a 7% gain over the past week [3]. The upward momentum has been partially attributed to a broader market rally and favorable developments in U.S. crypto regulations, including 401(k) investment flexibility, which helped push ETH above $3,900 [5].

Among the Ethereum-based tokens gaining traction in August is Ethena (ENA), which is showing a short-term bullish structure and rising open interest (OI). Ethena is currently trading at around $0.616, with analysts noting that a close above $0.60 could indicate increased liquidity and potential movement toward the key resistance at $0.70 [1].

Remittix (RTX) has also emerged as a notable token within the Ethereum network. The project has raised over $18.2 million through the sale of 583 million tokens at $0.0895 each. Remittix aims to streamline crypto-to-bank transfers through its PayFi solutions, supporting over 40 cryptocurrencies and offering incentives such as a 40% bonus for early investors and a $250K giveaway for the community [1]. These features have contributed to its growing visibility in the Ethereum space.

Despite the optimism, the market remains cautiously positioned. Futures traders have noted mixed signals, including outflows from ETH ETFs like ETHE, which could indicate fluctuating investor sentiment [6]. However, the spot market continues to show strength, with some traders positioning for potential gains if ETH trades below $4,000 before rebounding [4].

The current technical setup for ETH suggests a favorable environment for further gains, but traders are advised to monitor key resistance levels and trading volume for confirmation of a sustained breakout. As the week progresses, the market is closely watching whether ETH will push toward a new all-time high or face renewed downward pressure.

Source:

[1] Ethereum Gains Strength Above $3700—Is $4000 Within ... (https://bravenewcoin.com/insights/ethereum-eth-price-prediction-ethereum-gains-strength-above-3700-is-4000-within-reach)

[2] Ethereum Price Prediction: ETH Price in 2025,2026,2027 (https://coindcx.com/blog/price-predictions/ethereum-price-weekly/)

[3] Ethereum Price, ETH Price, Live Charts, and Marketcap (https://www.coinbase.com/price/ethereum)

[4] Page 3 | ETH Futures Contract Trade Ideas (https://www.tradingview.com/symbols/DERIBIT-ETHUSD1%21/ideas/page-3/?contract=ETHUSD08Q2025&sort=recent)

[5] [LIVE] Latest Crypto News, August 8 – Rally as Trump ... (https://99bitcoins.com/news/altcoins/live-latest-crypto-news-august-8-rally-as-trump-approves-401k-crypto-investments-eth-breaks-3900-next-crypto-to-explode/)

[6] Page 4 | ETHUSD Futures Contract Trade Ideas (https://www.tradingview.com/symbols/OKX-ETHUSD1!/ideas/page-4/?contract=ETHUSD08Q2025&sort=recent)

[7] $4000 Breakout Could Trigger Massive Altcoin Rally (https://thetradable.com/crypto/eth-price-ready-to-explode-4000-breakout-could-trigger-massive-altcoin-rally-ig--m)

[8] Ethereum Name Service price prediction 2025-2031 (https://www.msn.com/en-us/money/markets/ethereum-name-service-price-prediction-2025-2031-is-ens-a-good-investment/ar-BB1qdLLd?ocid=finance-verthp-feeds)