Ethereum ($ETH ) has decisively surged past the $3,000 mark, signaling renewed bullish strength and marking a key milestone in its ongoing recovery. Backed by strong volume, a robust technical structure, and growing institutional engagement, Ethereum now enters a critical phase of price discovery, with $4,000 potentially in sight.
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Technical Reversal Confirmed Across Multiple Timeframes
Ethereum’s recent breakout comes after it reclaimed key support levels at $1,500 and $2,200, confirming a clean reversal structure across both weekly and hourly charts. Since July 9, Ethereum has climbed from $2,350 to $3,001, gaining over $600 in less than 48 hours—a move that unfolded without any significant retracement, underscoring clear buyer control.
During this rally, trading volume reached 14.64K ETH, highlighting broad participation and strong conviction in the move above $2,850, a previously critical resistance zone. The sustained momentum now positions Ethereum for potential acceleration toward higher targets.
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Weekly Chart Suggests Path Toward $4,000
Ethereum is currently trading around $2,960, following a weekly close with an 8.24% gain, the strongest print since early 2024. Market analysts highlight Ethereum’s reclaim of the $2,200 level—formerly a resistance pivot—as pivotal in initiating the current rally. The $1,500 level also served as a key structural base for this momentum.
Key levels are now turning from resistance into support zones, acting as launchpads for the next leg upward.
Ethereum has developed a rounded base pattern since its Q1 2025 lows and is now navigating within a well-defined vertical channel. This price structure has facilitated clean breakouts above $2,750 and $2,850, with little resistance met along the way. The market’s attention now shifts to higher levels—particularly $3,300 and $3,600, with $4,000 identified as a major psychological and technical milestone.
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Hourly Chart Reveals Unbroken Momentum
On the hourly timeframe, Ethereum has maintained a disciplined breakout pattern, displaying a classic continuation structure. The rally from $2,350 to above $3,000 unfolded rapidly, with no meaningful pullbacks—reflecting strong and sustained bullish pressure. Even minor dips toward $2,850 were quickly absorbed by buyers, signaling minimal hesitation and consistent upward demand.
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Institutional Inflows Add Fuel to the Rally
Recent on-chain data further validates Ethereum’s strength. On July 9, Ethereum ETF products recorded $211.3 million in inflows, equivalent to 80,830 ETH. Simultaneously, wallets associated with institutional trading activity withdrew 55,383 ETH from Binance, reflecting renewed confidence and accumulation from large-scale investors.
These movements suggest deepening institutional engagement, with ETFs and off-exchange wallet activity reinforcing Ethereum’s status as a high-conviction asset during this market phase.
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Outlook: Ethereum Enters New Phase of Price Discovery
Ethereum’s breakout above $3,000 is more than a symbolic milestone—it represents a technical and psychological shift, supported by strong fundamentals and institutional capital. With key resistance levels turning into support, and volume confirming the move, Ethereum is well-positioned to explore higher targets in the weeks ahead.
Traders now closely monitor the $3,300 to $3,600 zone, with $4,000 identified as the next significant target if current momentum holds.
