Daily & Weekly Chart – Bullish Momentum
Multi-month breakout: ETH has surged past key resistances at $2,800, $3,400, and now holds above $3,700. This confirms a strong bull structure, buoyed further by institutional inflows Blockchain News+15CryptoPotato+15Mitrade+15.
Moving averages crossover: The 100- and 200‑day MAs are converging around $2,500, reflecting rising medium-term momentum Binance+2CryptoPotato+2CCN.com+2.
Supply zone ahead: ETH is entering a cluster of sell orders between $3,700–$4,100, where profit-taking often occurs CryptoPotato.
2. Short-Term 4‑Hour Chart & Momentum Indicators
Bearish divergence on RSI: On the 4‑hour timeframe, price hit around $3,780, but RSI lagged—suggesting short-term topping risk CryptoPotato.
Overbought in short-term RSI: A level near 78 indicates intense buying, making room for a pullback The Economic TimesBeInCrypto.
3. Candlestick Patterns
Strong bullish candles dominate daily charts, often accompanied by higher volume—suggesting institutional accumulation.
Yet, the 4‑hour chart may show smaller-bodied candles or wicks atop—hinting at indecision, a classic precursor to consolidation or correction.
🔍 Support & Resistance Levels
LevelRole & Notes$3,500–$3,600Recently flipped support
; a break below here may signal deeper retracement toward ~$3,200
The Economic Times+1MarketWatch+1$3,800Immediate resistance;
a recent breakout above this level confirms bullish strength Blockchain NewsAInvest$4,000–$4,200Key psychological and technical barrier;
breaking this could propel ETH toward $4,500–$4,800
The Economic TimesBeInCryptoFinance MagnatesInvestXThe Economic Times$4,500–$4,800Extended targets if momentum endures—tied to Fibonacci and measured moves AInvestInvestXThe Economic Times
🧠 Market Sentiment & On‑Chain Signals
Institutional & Whale Accumulation
A $50M whale buy at ~$3,715 underscores strong confidence CCN.com+15Brave New Coin+15CoinGape+15.
Spot ETH ETF inflows have surged—over $3.3B in July—with platforms like BlackRock’s iShares leading the wave CoinGape+6CoinCentral+6Cryptodnes.bg+6.
Corporate treasuries (e.g., BitMine, SharpLink) and strategic buys from high‑net‑worth individuals support the supply constraint thesis Brave New Coin+2CoinCentral+2Coinpedia Fintech News+2.
Exchange Flows & On‑Chain Metrics
Over 317,000 ETH removed from exchanges (~$1.18B), signaling long-term holding behavior and declining liquidity BeInCrypto+1AInvest+1.
Metrics like RSI (~84–78) and MACD alignment indicate strong momentum, though slightly overbought CoinCentral+1The Economic Times+1.
Analyst Viewpoint
Market strategists expect ETH to “soon break” the $4,000–$4,200 zone, lifting it toward $4,500+ Brave New Coin+3The Economic Times+3BeInCrypto+3.
However, traders like Michaël van de Poppe warn it might require a pullback to gather liquidity before a breakout Blockchain News.
Models like Fibonacci and the ascending triangle pattern hint at possible rallies to $6,000–$8,000 if resistance breaks decisively The Economic Times+1Blockchain News+1.
🗣️ Public & Local Sentiment
From platforms like Binance’s technical commentary:
“#ETHBreaks3700 … holding support; momentum is building for $4K+.” Binance
Collectively, retail traders are bullish, expecting ETH to hold $3,700 and challenge $4,000 soon.
▶️ What’s Next? Key Scenarios
Bull Case
ETH holds above $3,800, volume stays strong → Breakout above $4,000–$4,200, move toward $4,500–$4,800.
Beyond that, structural patterns push to $6,000–$8,000+ The Economic TimesCCN.com.
Base Case (Consolidation)
Price hovers between $3,600–$3,800, digesting recent gains.
RSI divergence played out. Breakout attempt later after liquidity build-up.
Bearish Signal
Failure to hold $3,500–$3,600 support → retrace to $3,200, validate structure, then re-accumulate CryptoPotato.
✅ Final Take
Ethereum’s breakout past $3,700–$3,800 is confirmed—momentum is strong and institutional demand is real.
A clear path to $4,000–$4,200 is on the table; whether ETH surges immediately or pauses for a short consolidation is uncertain.
Watch key levels:
Support: $3,600 / $3,500
Resistance: $3,800 → $4,000–$4,200
Indicators to monitor: RSI, volume levels with breakouts, on-chain outflows, and macro/institutional ETF flows.
📰 Keep an eye on:
ETF inflows and institutional announcements
RSI behavior near key thresholds
Candlestick signs of rejection or continuation on daily/4‑hour charts
Ethereum is at a pivotal moment—ready to surge into new highs if it can maintain support and gather liquidity around $3,800–$4,000.
$BTC $ETH $SOL #ethreum #ethreumbraks3700 #ETH