Ethereum’s Strong Performance: Closing in on the $4,000 Mark
Ethereum ($ETH /USDT) is showing remarkable bullish momentum, currently trading at $3,906.47 with a 5.79% increase in the past 24 hours. During this period, $ETH hit a high of $3,969.06 and a low of $3,687.33, signaling heightened market activity.
On the 4-hour chart, Ethereum has clearly broken out of recent consolidation, with the 7-period moving average (MA7) at $3,855.71 and the 25-period moving average (MA25) at $3,694.49 — both indicating strong bullish control. Trading volume is also on the rise, adding to confidence that Ethereum is on the verge of surpassing the key psychological level of $4,000.
Over the past 30 days, $ETH has surged 48.81%, and over the last 90 days, it has gained a stunning 66.90%. This performance highlights growing investor confidence and strong upward momentum.
Summary:
All signs point to Ethereum reaching — and likely surpassing — the critical $4,000 mark very soon, which could open the door for even stronger rallies in the da
ys ahead.
📊 ETH/USDT Chart Analysis:
Current Price: $3,906.47, showing strong bullish momentum.
Key Levels:
24h High: $3,969.06 — price recently tested this level.
24h Low: $3,687.33 — strong support area.
Moving Averages:
MA(7) at $3,855.71 and MA(25) at $3,694.49 both trending upwards, confirming the bullish trend.
Volume: Significant spikes in recent candles signal increasing market interest.
Trend: Strong upward breakout from the recent consolidation near $3,354.28, with higher highs and higher lows forming a bullish channel.
Projection: If the current momentum holds, ETH is likely to break above $4,000 soon — marking a major psychological resistance.
