🎯 $4K ETH: The Key Level That Could Ignite Ethereum’s Next Major Surge
Despite strong gains of over 40% in both May and July, Ethereum still hasn’t reclaimed the crucial $4,000 level. Analysts view this zone as a launching pad for a possible retest of ETH’s 2021 high of $4,800, but some powerful players may be actively holding it back.
Market analyst Goodman points to hedge funds as a major reason for this resistance. These institutions, often short on ETH, may be strategically suppressing the price through the options market:
Hedge funds typically serve as option sellers, profiting from premiums when traders bet on ETH pushing past $4K.
Whenever ETH nears this threshold, a wave of selling pressure tends to knock it back down—helping hedge funds protect their short positions.
A confirmed breakout above $4K could flip the script, triggering significant losses for these funds and major wins for options buyers.
Goodman emphasizes that this resistance zone won’t hold forever. With each test of the $4,000 level, the likelihood of a breakout increases. Once ETH breaks through and holds above it, momentum could build rapidly — potentially sparking a rally deep into the low $4,000s and beyond.
