📈 News and analysis on ETH towards $4,000
1. Technical analysis: “Broadening wedge” points to $4,200
A weekly chart shows that ETH is moving within a broadening wedge pattern. According to analyst Titan of Crypto, this pattern could trigger an upward breakout, with an initial target near $4,200.
2. Whale accumulation as a bullish signal
Addresses with large volumes —some holding over 450,000 ETH (~$1.1 mm)— have been buying. Analysts like van de Poppe say that ETH is in a “great opportunity” zone, with a final target of $4,000‑5,000.
3. Movements within channels and ascending patterns towards $4,000
Several analysts (BasicTrading, CryptoFrontNews) have identified patterns such as “rising channel” and “cup-and-handle,” indicating a possible breakout above $4,000, with projections even to $6,000‑8,000.
4. Golden cross soon to consolidate momentum
The imminent formation of a “golden cross” (EMA 50 crossing EMA 200) is a strong technical catalyst that has historically preceded movements of +100%, pushing ETH towards $4,000.
🧭 Conclusion
Technical consensus suggests that a breakout above $3,800‑4,000 could open the door to a significant move towards $4,200‑4,800.
Driving factors: chart patterns (wedges, channels, golden cross), strong whale accumulation, and increasing institutional interest through ETFs.
Risks to consider: these projections depend on technical confirmations and convincing breakout volume.