$ETH Ethereum ($ETH) just sent a strong bullish signal to the entire crypto market. After weeks of ranging between $3,500 and $3,800, $ETH has finally broken above a major resistance level, reclaiming the $3,800 zone with volume confirmation. This breakout is being closely watched by traders and institutions alike — and now the big question is: Can ETH hit $4,000 next?
📈 What the Charts Are Telling Us
Key Resistance Flipped: The $3,780–$3,800 range has historically acted as a strong resistance since May. ETH has now flipped this level into support.
Higher Lows Forming: A series of higher lows on the daily chart indicates buying strength and trend continuation.
Volume Spike: Yesterday's breakout was accompanied by a notable increase in volume, suggesting conviction behind the move.
RSI Momentum: The Relative Strength Index (RSI) remains below overbought levels, leaving room for a continued rally.
🔍 On-Chain and Fundamental Signals
ETH ETF Momentum: Market anticipation around Ethereum ETF approvals in major jurisdictions is fueling bullish sentiment.
DeFi Activity Growing: With TVL (Total Value Locked) in DeFi protocols climbing, demand for ETH as gas and collateral is increasing.
Whale Accumulation: According to Lookonchain, multiple wallets holding >10,000 ETH have been accumulating since early August.
📊 Price Targets
🧠 Trade Setup (For Educational Purposes Only)
Entry: $3,790–$3,820 on pullback
Take Profit: $3,990–$4,100
Stop Loss: Below $3,700
🚨 Use proper risk management. This is not financial advice.
🤔 So… Is $4,000 Next?
All signs point toward a continuation of the rally. But keep in mind:
A rejection near $4K could lead to a short-term correction.
Macro events (like Fed comments or ETF delays) may cause volatility.
Monitor volume and structure on lower timeframes for clues.
💬 What do you think? Will $ETH touch $4,000 this week? Drop your thoughts below 👇
