On August 9, 2025, Ethereum (ETH) successfully broke through the psychological level of $4,000, showing strong bullish momentum in the crypto market. The price of ETH rose from about $3,450 at the beginning of the month to the $4,000 zone, driven by institutional inflows and positive sentiment from developments in the Ethereum ecosystem, such as increased staking usage and Layer-2 technology.
Technically, ETH is currently trading above all major Exponential Moving Averages (EMA) such as EMA20 ($3,749), EMA50 ($3,686), and EMA100 ($3,623), indicating a solid upward trend. The Relative Strength Index (RSI) is around 59.7, which means there is still room for an increase without excessive overbought risk. The widening Bollinger Bands indicate increased volatility with prices approaching the upper band.
The important support level is in the range of $3,800–$3,749, while the main resistance is at $3,950 to $4,100. If ETH can stay above $3,800, the potential to test $4,100 and higher levels remains open. However, a drop below this support could trigger a correction.
In conclusion, Ethereum shows short-term bullish prospects supported by technical factors and institutional fund inflows, although investors should be cautious of potential market corrections.