Ethereum Price Nears $4,000: Is a Breakout Imminent?

Ethereum Approaches $4K: Is a Major Breakout Coming Soon? Ask

Ethereum price has climbed sharply, surging over 20% in the past week amid rising institutional demand. On Monday, ETH reached a new 2025 high of $3,848 before slightly pulling back to around $3,780. 

The rally comes as more companies accumulate Ethereums, signalling growing confidence in the second-largest cryptocurrency by market cap. This marks the highest trading level for ETH since December. Despite the recent gains, Ethereum remains approximately 20% below its all-time high of $4,878, set during the 2021 bull run.

Analyst Predicts Massive Ethereum Price Rally Ahead

Crypto analyst has highlighted a key resistance level for Ethereums price, suggesting a major rally could be near. According to his recent analysis, the $4,000 mark remains the most critical hurdle for Ethereum. Once the price reclaims this level, a powerful upward move is expected.

Analyst compared Ethereum’s situation to Bitcoin’s historical price action. Similar patterns were observed when Bitcoin broke past its previous all-time highs in 2020 and 2024. 

A chart included in the post shows past Altcoin price cycles, notably in 2017 and 2021. The pattern suggests a breakout above $4,000 in 2025 could mimic or exceed previous bull runs. 

Analyst Predicts Ether Surge to $10k If $4K Level Breaks

Crypto analyst Ali has pointed out a great technical advancement in the current price movement of Altcoin. In his latest chart analysis, should the price overcome the resistance of the $4,000 mark, the next target might be at the mark of the $10k.

Source: Tweet

The provided chart depicts that it presents weekly candlestick data, which demonstrates that it is a powerful bullish trend taking shape. Ethereum has already passed the mark of above $3,000, and it looks like it may continue the rush. The possibility of technical resistance at $4,000 is also highly critical, since this value is part of the technical reversals in past.

How High Can ETH Price Go in July?

The price traded at $3,768 on July 21, showing a minor gain of 3% during the day’s session. Altcoin has maintained its bullish trend within a well-defined ascending channel, with price action recently bouncing off support near $3,500.

Technical indicators support the positive aspect of the bulls. Relative Strength Index (RSI) has moved to 87.55, indicating that the stock is overbought. This implies that this has a very strong buying pressure but also implies that a pullback or a consolidation is on the way.

Source: TradingView

MACD is also standing strong in the bullish territory where the MACD line is above the signal line and indicates that the price is currently rising.

As long as ETH remains inside the rising channel, buyers are likely to retain control. Immediate resistance is seen at $4,000. A clear break above this could push ETH to retest $4,400. On the downside, a breakdown below the $3,500 support would indicate weakening momentum and expose the price to $3,000.