Ethereum is approaching the $4,000 threshold after a positive breakout and significant accumulation from whales, but decreased network activity and liquidation risks could slow the increase without a recovery in trading volume and users.
Positive signals from large institutions, especially SharpLink Gaming with significant ETH purchases, along with efforts to maintain prices above $3,500 will determine Ethereum's ability to overcome the psychological barrier of $4,000.
MAIN CONTENT
Ethereum has a chance to break through $4,000 thanks to strong demand from whales and a favorable market structure.
The decline in on-chain activity and the significant increase in liquidation could slow the price rise.
Can Ethereum whales help ETH surpass $4,000?
Large institutions, notably SharpLink Gaming, have accumulated over 157,140 ETH (equivalent to nearly $493 million) since July 1, 2025, at an average purchase price of $3,136 per ETH, demonstrating strong confidence in Ethereum's long-term potential. Analyst Captain Faibik believes that ETH's ability to surpass the $4,000 resistance peak largely depends on maintaining a strong accumulation trend from whales.
Elon Musk, CEO of Tesla (2025), stated: Ethereum with strong institutional support could create a significant turning point in the cryptocurrency market.
Elon Musk, CEO of Tesla, 2025 – Source: CNBC interview July 2025
The continued accumulation by whales will help absorb retail selling pressure at this critical price level, setting the stage for ETH to go further, but if buying momentum weakens, the risk of correction remains.
Does short-term holding increase the risk of a correction for Ethereum?
The Realized Cap HODL Waves index (1–7 days) rising to 3.22 indicates an increase in short-term trading activity, with this group of investors likely to react quickly to volatility and often sell when prices correct, increasing downward pressure as ETH approaches the $4,000 threshold. Price stability may depend on the role of long-term investors, who hold positions to balance the market during fluctuations.
This is a key point to note in technical analysis and market behavior, as ETH is in a phase of building a foundation for the next rise.
Is Ethereum's on-chain activity declining?
Data from Santiment shows that core activity on the Ethereum network has sharply declined, with daily transactions around 522,000 and the number of users increasing only to 49,600, the lowest level in over six months. This decline reflects that existing users are reducing transactions and the influx of new participants has stalled, warning of potential unsustainability in the current price increase.
This means Ethereum needs a recovery in the network to establish a solid foundation for price, an essential factor in long-term forecasting.
How could liquidation pressure affect ETH price around $4,000?
According to Binance's liquidation heatmap, the leveraged positions in the $3,800–$4,000 price range concentrate over $46.65 million. This area is prone to mass liquidations if prices rise too quickly, potentially causing reversals or strong fluctuations.
Maria Chen, head of risk analysis at CoinGlass (2025): Dense liquidation zones often create price traps, but if ETH maintains this level, it could open the door for a strong breakout.
Maria Chen, Head of Risk Analysis at CoinGlass, 7/2025 – Source: CoinGlass internal report
Monitoring trading volume and order fluctuations around this price range is essential to assess ETH's short-term trend.
Can Ethereum successfully conquer the $4,000 threshold?
A synthesis of factors: technical breakout, demand from whales, and the current market structure suggests ETH has the potential to exceed $4,000. However, without a recovery in network activity and control over liquidation levels, the upward trend may be hindered.
Expert Captain Faibik warns that for Ethereum to advance, it needs stable support from both users and long-term investors to maintain price strength above the $3,800 level and create momentum for further increases.
Frequently Asked Questions
Can Ethereum sustain selling pressure around the $3,500 mark?
According to market data and the active behavior of whales, the $3,500 level is currently a critical support point to maintain short-term upward momentum.
How does the increase in short-term trading affect ETH?
Short-term investors can create high volatility when panicking or taking profits, increasing the risk of short-term corrections if ETH does not break through key resistance.
Is the decline in on-chain activity a bad sign for Ethereum?
Decreased network activity warns of risks regarding the weakening foundation, requiring Ethereum to attract new users to maintain upward momentum.
How does liquidation risk affect price increases?
Large liquidations around the $3,800–$4,000 range could cause strong fluctuations, but if ETH maintains its price, this could also open the door for the next breakout.
What does SharpLink Gaming mean for ETH's trend?
SharpLink Gaming's continuous buying activity reflects institutional confidence in ETH, strongly supporting the potential for a prolonged price increase.
Source: https://tintucbitcoin.com/ethereum-chinh-phuc-4-000-usd-nao/
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