This week, optimism returned to the crypto market. Trump’s 401(k) bill gets signed this week, and rumors of a new 90-day China tariff pause are giving traders some breathing room. As macro winds shift, we’re seeing coins react fast. One name in the spotlight? Ethereum. After dipping to the $3,300s, ETH is now hovering near $3,780. The question on everyone’s mind: Can ETH break $4K this time?
Let’s dive in.
ETH Break $4K – Can This Be the Moment?
Ethereum’s been playing with fire around the $4,000 level for months. It’s been rejected time and time again, but the bulls keep coming back. Now, as July’s 58% price jump puts ETH back in the driver’s seat, many believe this could be the real breakout.
Several technical, on-chain, and institutional signals suggest Ethereum might finally be ready to break $4K — and possibly push toward new all-time highs.
Big Money Bets on ETH
One of the strongest bullish catalysts this week comes from SharpLink Gaming. They just raised $200 million in a private deal to expand their Ethereum holdings to over $2 billion. That’s not pocket change. Backed by four institutional investors, SharpLink scooped up 18,680 ETH, making it one of the largest ETH holders in the market.
What’s more interesting? They’re treating ETH as a reserve asset. That’s a narrative we used to hear only for Bitcoin.
Institutions aren’t just dipping in anymore. They’re committing. And they’re not scared by short-term volatility or ETF outflows either. They’re positioning for the long haul.
Ethereum Still Leads the Altcoin Pack
ETH remains the engine behind the TOTAL2 Index, which tracks altcoin performance excluding Bitcoin. This index is starting to resemble the 2016 and 2020 bull cycles — and once again, Ethereum is leading the charge.
Even as analysts warn the traditional four-year cycle might shift, ETH continues to look like the bellwether for any upcoming altseason. If ETH does break $4K, it could ignite a broader altcoin rally.
Technical Analysis – The $4K Wall Is in Sight
Daily Chart Overview
Ethereum’s daily chart shows that it’s structurally bullish despite recent pullbacks. After clearing the $2,800 and $3,500 resistance levels, ETH surged to just under $4,000 — before stalling.
Now, ETH is bouncing around $3,780, holding strong above the $3,500 support. RSI is currently at 56, no longer overbought, giving room for another leg up. And with a golden cross forming on the 100 and 200-day moving averages, the momentum still favors the bulls.
If ETH reclaims $3,900 with volume, a push to $4,100 and even $4,400 becomes more likely.
4-Hour Chart Update
Zooming in, the 4-hour chart shows ETH recently broke out of a bearish rising wedge and found support at $3,350. Buyers quickly stepped in, and now we’re back in a range between $3,500 and $3,750.
A clean breakout above this range could send ETH straight to test the $4,000 ceiling again. But failure to hold $3,500 risks a pullback to $3,300 or $3,100. This is where both bulls and bears are fighting for short-term momentum.
Fibonacci & Wedge Watch
Ethereum is sitting on a critical Fibonacci level at $3,500, which has acted as support since the latest rally began. A descending wedge pattern also hints at a possible bullish breakout.
Traders are closely watching the 50% retracement level around $3,548, along with an ascending trendline that could act as launchpad fuel. If price holds here and breaks above $3,750, we might see another push toward $4K quickly.
Lose this level, and a drop to $3,258 or even $3,043 could be next.
On-Chain Bullishness: Supply Leaving Exchanges
One of the most under-the-radar bullish signs? The Ethereum Exchange Supply Ratio is at its lowest level in years — now just 0.13.
What does that mean? Simply put, less ETH is sitting on exchanges. Instead, it’s moving to cold wallets, staking contracts, and long-term storage. That’s bullish. Because less supply on exchanges = less ETH ready to sell.
This aligns with Ethereum’s post-Merge role as a yield-bearing asset. Long-term investors seem happy to hold and stake, even during choppy price action. Unless we see a major inflow of ETH back to exchanges, the odds lean toward more upside.
Sentiment: Bullish But Cautious
Right now, Ethereum is up big for the year. Many traders on Myriad are giving ETH a 63.6% chance of breaking its all-time high ($4,891) before the end of 2025. Momentum indicators like RSI and ADX remain strong.
But the $4K level has been sticky. Every time ETH touches it, sellers appear. It’s the kind of psychological resistance that only breaks with massive volume and strong fundamentals.
This time, we do have both. Institutional buyers, strong technicals, and improving macro conditions all line up.
Guide: How to spot the top patterns.
What Happens If ETH Breaks $4K?
If Ethereum breaks $4,000, it won’t be just another number.
It will mark a psychological shift. One that says: this isn’t just a relief rally. It’s the start of something bigger.
From there, the next target is the all-time high at $4,891. And if that breaks? We’re in price discovery — the most exciting part of any bull run.
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Final Thoughts: ETH Break $4K – This Could Be It
Ethereum has flirted with $4K for what feels like an eternity. But this time, the setup looks different.
We’ve got big money moving in. On-chain metrics are strong. Macro tailwinds are building. And ETH just printed a 58% rally in one month.
If the bulls can hold the line at $3,500 and reclaim $3,900 soon, that long-awaited $4,000 breakout might just stick. And if it does, all eyes will shift to $5,000 and beyond.
Stay sharp. Stay bullish. And keep watching that $4K level like a hawk.
If you enjoyed this blog, you may want to check our recent update on Litecoin.
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