$ETH Ethereum has rallied from $3,050 in mid-July to just under $4,000, marking one of its strongest runs in months. The next challenge: breaking through $4,074, with heavy resistance waiting at $4,374–$4,534.
Some analysts caution that if selling pressure builds at those upper zones, ETH could form a double top pattern — often a sign of a potential short-term reversal. Still, if bullish momentum holds, long-term targets of $6,500–$8,000 remain on the table.
Price Action Recap
ETH peaked at $3,970 in late July before dipping into the $3,420–$3,480 demand zone.
Buyers stepped in hard, pushing the price above mid-range resistance at $3,745–$3,820.
The next key breakout point is $4,074. Sustaining above it could open the path to $4,374–$4,534.
However, analysts warn that these higher zones are likely to see stronger selling. A rejection could push ETH back toward $3,820 or even $3,600.
Analyst Insights
Scient calls Ethereum the strongest asset in the market right now and expects it could briefly break $4,000 before a pullback. He plans to take profits between $4,000 and $4,300.
Michael van de Poppe compared ETH’s $4K level across 2021, December 2024, and now. In his view, current conditions — such as stablecoin growth, ETH ETF staking, and favorable U.S. regulatory moves — support higher valuations. He sees $6,500–$8,000 as fair value long term but warns the 90% rise in under a month could trigger a short-term pause.
Final Outlook
The battle lines are drawn:
Bullish scenario: A breakout above $4,534 could quickly target $4,700+.
Bearish scenario: Rejection at resistance could lead to a deeper retracement.
With momentum high but profit-taking risks rising, the next few days could decide whether Ethereum enters another leg up — or takes a breather before the next big run.
