Ethereum Price Eyes $4,000 Breakout: Is $6,400 the Next Stop?

Ethereum Price Breakout Nears $4,000 With Eyes Set on $6,400 Target

Ethereum price has surged past $3,900 in the last 24 hours, riding on renewed bullish momentum across the crypto market. After finding solid support around the $3,650 level, ETH began a strong upward move, breaking above the $3,750 and $3,800 resistance zones. Analysts suggest Ethereum may soon test the key $4,000 threshold if the current momentum continues.

The rally follows a wider revival in cryptocurrency market. At early Friday, August 8, 2025, market capitalization had topped at around 3.88 trillion representing a 2.8% increase in the index in the past 24 hours. Trade volume also increased by more than 30% to a figure of $178.3 billion.

Along with this market-wide rise is the significant increase in Bitcoin, XRP, Dogecoin, and other prominent altcoins. ETH gained 31.6%, up 24 in its 24-hour volume trading up to 40.26B.

Ethereum Eyes Breakout: $6400 Target Looms

Crypto analyst Ali has proposed a significant price target to Ethereum price suggesting the price can take part in a possible rally once a critical level is broken.

Ali predicts that should the ETH price break the $4,000 resistance zone, a possible new target would be around the $6,400 zone. This prediction comes from technical chart patterns that a strong breakout is forming at this resistance level.

In the chart that he posted, it monitors the movement of ETH in terms of price over the years and it shows the recent upsurge towards the cost of $4,000. Previous evidence indicates that there are minimal obstacles to hit once the price reaches to 6,400 once 4, 000 is violated.

Whales Accumulate 1.8 Million Ethereum Rapidly

According to blockchain data analyst Ali, there is a reported addition of more than 1.8 million Ethereums to the total holdings of whale investors over the past month.

In a chart, a significant increase in buying ETH by wallets with 10,000 to 100,000 coins can be seen. It seems that this category of big owners has started to increase its purchases in connection with movements on the market.

The Santiment data indicates that this increase toward accumulation trend is highly correlated with the price recovery in Ethereum over the same time. The association has kindled new speculations that whales are favorably or unfavourably situating to gain potential profits in the future.

Ethereum Price Surges as Bulls Eye $4,200

The Ethereum price is trading at $3,912 as ETH experiences a strong surge in buying momentum.

The strength in the move is being supported by technical indicators. Relative Strength Index ( RSI ) stands at 69.64, which is slightly below the overbought level, hence a strong momentum however there is possible short term pause.

The MACD, as well, is bullish, where the MACD line is far above the signal line and histogram bars of a green color have further strengthened. This is identifying as a bull flag that is underpinning the persistent uptrend and has strong denoted bullish control in the short run.

Source: Tradingview

The current level of strong resistance is the $4,000 price level. A successful break above such zone will lead to increased gains, with perhaps the possible short-term target of around $4,200. On top of that, $4,350 may surface as the following resistance in case the momentum prevails.

Major support areas are pegged at $3,700 and $3,500. In case the price makes a correction, then these will be possible zones of demand. As long as prices exceed $3,500, the bullish structure will remain valid, with a set of lower prices below the said level triggering additional drawdowns.