Ethereum News Today: Ethereum Surges 9% to $3,125, Eyes $4,000 Target

Ethereum has recently surged past the $3,125 mark, following a clean breakout from a consolidation phase. This movement has been accompanied by technical indicators that suggest a potential target of $4,000. The Relative Strength Index (RSI) has formed a bowl pattern over time, which aligns with Ethereum’s rise after breaking through the $2,855 zone. This bowl-shaped RSI structure, combined with a rounded base structure and fractal support, indicates that Ethereum may soon approach the $4,000 level.

The 4-hour ETH/USD chart reveals a significant breakout above the horizontal resistance zone at $2,855. This range had capped price action for over two months, forming a horizontal consolidation structure. Ethereum’s recent move above this level with increased momentum confirms the end of the range-bound phase. The green ascending trendline, which has acted as support since April, intersects with the breakout point. Price action has respected this line multiple times before lifting off, forming a structure that resembles a rounded bottom, often seen at the base of large trend reversals.

An earlier descending resistance line, broken in May, allowed price to move sideways while forming the base of the bowl pattern. This setup built bullish pressure as each pullback formed higher lows, eventually pushing the price above $3,125 with a clean break. The RSI at the bottom of the chart shows a textbook bowl-shaped curve, with the RSI value now reading 71.43, moving into overbought territory. This bowl’s curve formed over months and indicates strengthening buyer interest and reduced selling volume. The RSI’s gradual slope followed price formation, reinforcing confidence in the breakout structure. Historical patterns show similar RSI bowls have supported large moves. With price and RSI now climbing in sync, the probability of Ethereum continuing toward $4,000 has increased.

The symmetry between RSI behavior and price development suggests strong technical alignment. This coordination often results in sustained trends once resistance is broken. If momentum holds, the $4,000 level may act as the next major psychological and structural test. Ethereum’s recent rally follows months of structured buildup, marked by repeated tests of the $2,855 zone. The breakout, combined with an RSI bowl and rounded price base, gives the rally a strong technical foundation. Analysts now focus on whether momentum can push ETH to $4,000.

The blue projected path on the chart shows a curved move leading to $4,000, based on fractal tracking. The fractal compares closely with past Ethereum patterns that preceded large trend expansions. Price is currently following that projection closely, confirming the model’s relevance. If Ethereum remains above $3,125 and uses the breakout as new support, further upside appears technically viable. The $2,855 area now becomes a critical level to defend for bulls. With RSI above 70 and price structure holding firm, Ethereum could see a new leg higher—will $4,000 arrive sooner than expected?