Ethereum News Today: Ethereum Surpasses $4,000 After SEC Staking Ruling Spur ETF Demand

Ethereum has surged past the $4,000 psychological level for the first time since December 2021, marking a significant milestone in the cryptocurrency market. Over the past week, the price of ETH has risen by more than 20%, outperforming most of the top 10 cryptocurrencies by market cap. This sharp rally has reignited discussions about the potential for Ethereum to set a new all-time high, particularly as market conditions remain supportive [1].

Analysts highlight that the recent price action has been fueled by increased demand for staking features in spot Ethereum ETFs, following the U.S. Securities and Exchange Commission’s (SEC) ruling that liquid staking does not constitute securities activity [1]. This development has opened the door for major fund providers like BlackRock to incorporate staking into their offerings, potentially attracting more institutional capital and boosting on-chain activity [1].

On the technical front, Ethereum’s price has closed above $4,000 and has continued to rise past $4,300. The MACD line currently reads at 129, indicating a bullish bias, while the RSI stands at 75—suggesting that the asset is not yet overbought and could see further gains [1]. If the upward trend continues, Ethereum could test the $4,488 level, which corresponds to its previous high from December 2021. A sustained move above that threshold could position ETH to challenge its all-time high of $4,891 [1].

Some analysts are even more optimistic, forecasting a potential price target of $6,000 or more in the coming weeks or months. These projections are based on Ethereum’s Wyckoff accumulation pattern, where the asset has been absorbing selling pressure over months before a decisive breakout [1]. Social media traders, such as Lord Hawkins, have also pointed to a possible $6,000 target and hinted at the start of a large-scale buying program [1].

However, it is important to note that these forecasts are forward-looking and speculative. A sharp correction could see the price retreat toward key support levels, including the $4,010 mark. If this level fails to hold, Ethereum could drop further to $3,500 [1]. Investors are advised to monitor on-chain metrics, market sentiment, and key resistance levels for further confirmation of the bullish thesis [1].

The broader market context remains positive, with Ethereum’s rally contributing to a shift toward risk-on assets and heightened altcoin activity. As the ecosystem continues to evolve with DeFi innovation and ETF developments, Ethereum’s trajectory is closely watched by both retail and institutional participants [1].