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Ethereum (ETH) has decisively broken above the $3,000 threshold, signaling renewed bullish momentum and marking a pivotal milestone in its ongoing recovery. Backed by strong trading volume, a robust technical structure, and growing institutional participation, Ethereum is now entering a critical phase of price discovery, with a move toward $4,000 increasingly within reach.
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š Technical Reversal Validated Across Multiple Timeframes
Ethereumās recent breakout confirms a multi-timeframe bullish reversal. After reclaiming key structural levels at $1,500 and $2,200, ETH surged from $2,350 to over $3,000 between July 9 and 11, gaining over $600 in under 48 hours with minimal retracementāclear evidence of strong buyer dominance.
During this surge, trading volume reached 14.64K ETH, highlighting widespread market participation and confidence in the breakout above $2,850, a level that had served as strong resistance.
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šļø Weekly Chart Points Toward $4,000 Target
Currently trading around $2,960, Ethereum posted a weekly gain of 8.24%, its strongest performance since early 2024. The reclaim of the $2,200 pivot, formerly a resistance level, played a key role in igniting the rally. The $1,500 base, established in early Q1 2025, formed the foundation of this bullish momentum.
ETHās price action has carved out a rounded bottom formation, transitioning into a vertical price channel. This has enabled clean breakouts above $2,750 and $2,850, with limited resistance encountered. Analysts are now focused on near-term resistance zones at $3,300 and $3,600, with $4,000 identified as the next significant psychological and technical threshold.
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ā±ļø Hourly Structure Confirms Sustained Momentum
On lower timeframes, Ethereum continues to show disciplined breakout behavior. The move from $2,350 to over $3,000 unfolded in a textbook continuation pattern, with no significant pullbacks. Attempts to retrace toward $2,850 were quickly met by aggressive buyingāsignaling ongoing demand and strong conviction among traders.
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š¦ Institutional Inflows Reinforce Bullish Thesis
Recent on-chain data underscores rising institutional interest. On July 9, Ethereum ETF products recorded $211.3 million in net inflows, equal to approximately 80,830 ETH. At the same time, institutional wallets withdrew 55,383 ETH from Binance, a signal of accumulation by large holders moving assets off centralized exchanges.
These movements highlight deepening institutional engagement, with ETF flows and strategic withdrawals reinforcing Ethereumās position as a high-conviction digital asset in the current macro cycle.
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š Outlook: Ethereum Poised for Further Upside in Price Discovery
Ethereumās decisive breakout above $3,000 is more than a round-number milestoneāit represents a broader technical and psychological shift, backed by fundamental strength and institutional capital. With key resistance levels now acting as support and volume confirming the move, ETH appears well-positioned to target higher levels.
The immediate focus is on the $3,300 to $3,600 range, with $4,000 emerging as the next major resistance and potential breakout zone, assuming current momentum holds.
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