Ethereum is currently trading around $3,860, showing strength after reclaiming key support levels near $3,600. The price is forming a bullish structure with higher lows, suggesting momentum may build toward the $4,000 resistance. Short-term price movement is being influenced by growing ETF inflows, strong on-chain activity, and Bitcoin’s overall market direction. If ETH can decisively break above $4,000, it may target $4,300–$4,500. However, failure to hold above $3,600 could trigger a pullback toward $3,400 in the near term.
Will Ethereum Price Reach $4000?
The second-largest token has just completed 10 years of its existence but remains highly undervalued compared to Bitcoin, which has managed to surge to great heights. On the other hand, the strategic ETH reserve surpasses $10 billion on its 10th anniversary, backed by 65 entities. This can be considered a massive milestone for Ethereum, which has also been reflected in the price. The ETH price has been maintaining an ascending consolidation ever since it surged above $3,800, a few days back.
This shows the bulls are poised to keep the price elevated, and hence the ETH price now appears to be primed to break the barrier at $4000 in a short while.
The weekly chart of Ethereum suggests the price is yet again testing the pivotal trend line, which it tested during the Q4, 2024 highs. The price remained stuck above the 50-day MA then, yet the bears caused a 65% drop, forming the lows around $1385. The present trade conditions seem more or less identical, but the sentiments do favor the bulls. The supertrend flipped bullish a couple of weeks ago, which suggests the traders are entering long positions. On the other hand, weekly CMF has been above the average since 2024, hinting towards a consistent inflow of liquidity. Meanwhile, the price has surged above the 50-day weekly MA, flashing bullish signals.
The current market sentiments are bullish as the dominance of the altcoins, specifically Ethereum, is slowly rising. Therefore, a weekly close above the pivotal resistance at $3,914 may offer not only a sustained rise above $4,000 but also an opportunity to mark a new ATH.
