Ethereum News Today: Ethereum Tests $4,100 Resistance Amid 6.34% 24-Hour Gains

Generated by AI AgentCoin World
Saturday, Aug 9, 2025 4:31 am ET1min read
ETH
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Aime RobotAime Summary

- Ethereum tests $4,100 resistance, a historical reversal point, amid 6.34% 24-hour gains to $4,186.

- Analysts predict a break above $4,100 could trigger a short squeeze toward $4,400–$4,500, supported by wedge pattern breakouts and overbought RSI (71.97).

- Strong buying pressure (14.43K ETH traded) and dynamic support at $3,740 suggest bullish momentum, with medium-term targets at $4,750–$5,200 if $4,200 holds.

- Failure to sustain above $4,100 risks retesting $3,740 or $3,392, while the $3,550 level remains critical for maintaining the broader uptrend.

Ethereum is currently facing a critical resistance level near $4,100, which has historically acted as a reversal point in previous price movements, most notably in March and December 2024 [1]. The

digital asset
is trading at $4,186, representing a 6.34% increase over the past 24 hours, with strong bullish momentum observed across key technical indicators [1].

According to analyst Ash Crypto, a decisive break above $4,100 could trigger a short squeeze, potentially propelling Ethereum’s price toward $4,400–$4,500 within a short time frame [1]. This scenario is supported by the recent breakout from a descending wedge pattern and the price exceeding the upper Bollinger Band at $4,088.56 [1]. The 20-day simple moving average at $3,740.30 provides immediate dynamic support, while the RSI at 71.97 suggests the market is currently in overbought territory [1].

Volume data also indicates increased buying pressure, with approximately 14.43K ETH traded during the latest price surge [1]. If

Ethereum
sustains a close above $4,200, analysts project further upside toward $4,750 or even $5,200 in the medium term [1]. However, a failure to hold above $4,100 could lead to a retest of $3,740 or deeper support at $3,392 [1]. The broader uptrend remains intact as long as the price stays above $3,550, a level that previously acted as a consolidation peak and now functions as strong support [1].

The key resistance levels for Ethereum are $4,100 and $4,500, with the former being a crucial barrier that has historically reversed price movements [1]. A sustained close above $4,100 would signal a significant shift in market sentiment, suggesting stronger buyer participation and a potential continuation of the bullish trend [1].

Ethereum’s current price action indicates a critical test of this resistance level. If the barrier is successfully breached, the asset could see significant upward momentum toward $4,500. Investors are advised to remain vigilant as market dynamics continue to evolve, and to consider the potential implications of these key levels in their trading and investment decisions [1].

Source:

[1] Ethereum Approaches Key Resistance at $4,100, Analysts Suggest Potential for Short Squeeze Toward $4,400–$4,500 (https://en.coinotag.com/ethereum-approaches-key-resistance-at-4100-analysts-suggest-potential-for-short-squeeze-toward-4400-4500/)