Ethereum breaks $2,800 resistance with momentum, targeting $3,200, $3,600, and $4,000 next.
SharpLink acquires 205K ETH worth $618M as institutional interest and staking activity rise.
CME open interest hits $3.27B, while Layer 2 platforms show strong growth in TVL and transactions.
Ethereum is going to $4,000. The asset recently pushed above a major resistance level, signaling a potential continuation of the bullish trend. Strong demand and rising institutional involvement are supporting this upward momentum, while technical indicators show a breakout with follow-through potential.
Ethereum Clears $2,800 as Momentum Builds Toward $4,000
Ethereum has broken the key $2,800 resistance level, according to an analysis prepared by Ted Pillows. This move confirmed a bullish breakout as the price reclaimed a previously contested area.
https://twitter.com/TedPillows/status/1943603671486587377
The move came with increased buying activity and rising momentum. ETH rebounded from a mid-June low near $2,300, and it steadily climbed to $2,928.83. The $2,745 zone, which previously served as resistance, was cleared in early July, strengthening the structure. Short-term market structure now favors continued upside movement.
The next levels analysts are tracking include $3,200 and $3,600. Ethereum's monthly gain stands at 5.84%, with technical momentum still building. Crypto Rover stated via X, “ETH to $3,000 is completed. $4,000 is NEXT.” Market participants are now watching if Ethereum can sustain its position above $2,800 and $2,945.
Institutional Activity and Ecosystem Growth Fuel Strength
Ethereum’s market capitalization stands at $353.55 billion, with a circulating supply of 120.71 million ETH. The asset’s fully diluted valuation also matches its market cap, showing no active inflation.
According to CoinMarketCap, daily volume reached $23.33 billion, despite a 47.03% decrease from previous sessions. This still reflects active participation across platforms. Institutional interest has increased. SharpLink Gaming acquired over 205,000 ETH, valued at $618 million.
CME open interest also rose to $3.27 billion. Layer 2 activity continues rising. Platforms like Arbitrum and zkSync have recorded high transaction counts and total value locked (TVL). Analysts also observe strong Ethereum staking trends and stable gas fees.
The post Ethereum Clears $2,800 Resistance With Strength, Here Are the Next Key Levels to Watch appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
