Ethereum News Today: Ethereum surges 74 6% to $4 190 as on chain data signals bullish breakout potential

Ethereum is approaching a critical price level as on-chain indicators suggest continued upside potential. The cryptocurrency has surged from $2,400 to approximately $4,190, nearing the $4,000–$4,400 resistance range. Technical indicators, including the MACD histogram, show expanding bullish momentum, indicating growing buying pressure in the market [1]. A daily or weekly close above $4,400 could open the door to testing the $4,800 level, a key milestone in Ethereum’s price trajectory [2].

On-chain data provides further support for a positive near-term outlook. Metrics such as Supply_in_loss_norm are near historical lows, signaling that few holders are in a loss position, which limits potential selling pressure [3]. Meanwhile, the realized_price_norm is rising in tandem with the spot price, suggesting increased capital inflow and a stronger realized network value [4]. The NUPL_norm index remains in a high-positive zone, reflecting broad profitability among holders, although it has not yet reached extreme euphoric levels that often precede market corrections [5].

According to analysts, a sustained breakout above $4,400 would likely trigger a retest of $4,800 and reinforce the bullish structure of the current market cycle [6]. On-chain metrics such as MVRV_norm are still within a rally phase, with the indicator near the top of its historical range, suggesting that many holders are in profit [7]. However, this also means increased potential for profit-taking as investors move further into gains [8].

Price prediction models project Ethereum could reach $4,510.19 by January 2026, assuming a monthly growth rate of 0.42%. While this is a forecast based on current trends, it reflects the strong momentum in the market [9]. Further upward movement would depend on the ability of Ethereum to maintain its trajectory beyond the $4,400 level, which remains a key psychological and technical barrier.

Market participants are closely watching for signs of continuation, with on-chain conditions indicating room for growth. As Ethereum moves closer to this critical level, the focus remains on whether it can sustain bullish momentum and confirm a new trend higher [10].

---

Source:

[1] https://cryptofrontnews.com/ethereum-nears-4400-breakout-as-on-chain-strength-signals-room-for-growth/

[9] https://www.bitget.com/price/ethereum/price-prediction