Ethereum News Today: Ethereum Surpasses $3,800 as Bulls Target $4,000 Resistance

Ethereum price has shown signs of renewed strength in recent trading sessions, having found support near the $3,680 zone before launching a fresh upward movement. The price has now surpassed the $3,800 level and is currently trading above the 100-hourly Simple Moving Average [1]. A key resistance level at $3,880 remains under scrutiny, with a successful break expected to push the price toward the $3,920–$3,940 zone [1].

On the hourly ETH/USD chart, the price has broken above a bearish trend line with resistance at $3,810, signaling a potential continuation of the rally. Analysts note that maintaining the $3,800 support level is critical for short-term bullish momentum. Should Ethereum hold above this level, it could aim for $4,000 or even $4,120 in the near term [1].

Meanwhile, the broader cryptocurrency market remains in a bullish phase, with Bitcoin hovering near $118,000 and Ethereum holding above $4,000. This environment has drawn attention from both retail and institutional investors, with some experts pointing to growing demand and limited supply as potential tailwinds for further gains [2]. Ethereum’s year-over-year price gain of 18% to $3,864 demonstrates its strong market position [9].

However, the path to $4,000 is not without risks. Historical patterns show that this level has often acted as a strong resistance point, and a failure to clear it could trigger a pullback toward key support levels such as $3,720 or even $3,680 [1]. On the other hand, sustained volume and bullish on-chain activity could reinforce the case for a broader uptrend [5].

Some analysts have speculated that Ethereum could reach as high as $16,000 in this cycle, driven by growing institutional interest and favorable technical indicators [7]. Yet it is important to distinguish between such forecasts and actual market developments. The success of Ethereum’s next move will ultimately depend on whether bulls can maintain control of key levels and generate sufficient volume to confirm a breakout [6].

The resurgence in Ethereum’s price has also coincided with increased volatility in the broader crypto space. For example, Fundamental Global, a publicly traded crypto-related firm, saw its shares drop 13% after announcing a $200 million Ether treasury plan, illustrating the mixed sentiment around large-scale Ethereum holdings [8].

Technical indicators currently favor the bulls. The hourly MACD for ETH/USD is gaining momentum in the bullish zone, and the RSI has moved above the 50 level, indicating improving market sentiment [1]. Traders are closely monitoring these signals for confirmation of a sustainable upward trend.

Ethereum's ability to maintain its current momentum will be a key factor in determining whether it can push beyond $4,000 and establish itself as a leading asset in the crypto market. While the road ahead remains uncertain, the combination of bullish technicals and growing institutional interest suggests that the cryptocurrency is entering a critical phase in its price evolution [1].

Sources:

[1] Ethereum Price Regains Strength – Can Momentum Carry It Toward $4K? (https://www.newsbtc.com/analysis/eth/ethereum-price-regains-strength-4k/)

[2] Best Crypto to Buy Now: ADA, DOGE and a New Presale (https://coincentral.com/best-crypto-to-buy-now-ada-doge-tld/)

[5] Latest ETHUSD News, Opinions and Feed Today (https://www.binance.com/en/square/hashtag/ETHUSD)

[6] Ethereum Fear and Greed Index | Multiple Timeframes (https://cfgi.io/ethereum-fear-greed-index/)

[7] Nancy Lubale's articles on Cointelegraph (https://cointelegraph.com/authors/nancy-lubale)

[8] Fundamental Global sinks 13% following Ether treasury news (https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96528414/fundamental-global-sinks-13-following-ether-treas)

[9] ETH, and XRP Still Lead Altcoin Market But One Ethereum- ... (https://coincu.com/pr/001-eth-and-xrp-still-lead-altcoin-market-but-one-ethereum-based-token-is-rapidly-closing-the-gap-in-ethereum-news/)