Ethereum Valuation Outlook: ETH Eyes $4K Amid 25% Surge in a Week

Ethereum (ETH) has shown sustained upward momentum, pushing into multi-month resistance zones and turning critical levels into support, with its price now around $3,800. There are signs of short-term exhaustion as the rally pushes higher without significant retracements. Over the past two weeks, ETH has broken through the $2,800 and $3,400 resistance levels, indicating a strong bullish structure.

It has now entered a major supply zone between $3,700 and $4,100; if buyers remain in control, the next major target is $4,107. However, potential profit-taking could occur in this zone. On the 4-hour chart, ETH remains in a strong uptrend, but signs of weakening momentum are emerging. The Open Interest chart shows growing market participation, suggesting the rally is driven by spot buying and leveraged positions, which could be both bullish and risky.