Ethereum has pushed over $3,800, indicating a level of strength that has not been seen since early 2024. Currently, the second-largest cryptocurrency since late June has surpassed 50% without a single meaningful retrace since late June, indicating that the Bulls are in good control. The current rally is supported by increasing momentum, increased institutional demand and increased regulatory clarity. This contributes to a wave of trust among new investors.
This latest move places Ethereum at an impressive distance from $4,000 in psychological resistance, with many analysts predicting a breakout could occur in the coming days. With ETH comfortably held above the main moving average and previous resistance levels currently supported, on-chain metrics and market structures continue to show signs of strength.
If bullish trend continues, pushes above $4,000 can open the door to new months’ highs, potentially causing the next major leg. Now, all eyes lie in ETH’s ability to maintain momentum and challenge resistance levels as bullish emotions spread.
ETF inflow fuel Ethereum rally, but please be careful
Top analyst Ted Pillows shares key data that revealed last week’s Ethereum ETF inflow spiked at $2,182,400,000. Pillow suggests that Ethereum FOMO is just beginning, as traditional investors see assets as investment-readable vehicles thanks to the clarity of recent US regulations. As the legal framework becomes clearer, Ethereum benefits from its position as the leading smart contract platform in a mature crypto ecosystem.
The inflow reflects new confidence in the long-term value of Ethereum, particularly as its foundations are strong and institutional demand continues to rise. This inflow of capital helped ETH regain the $3,800 level and maintain the strong uptrend that began in late June. However, some analysts are cautious. This trend clearly supports bulls, but the market has yet to see a sound relief correction to reset momentum and establish a more solid foundation.
Price action will be critical in the coming weeks as Ethereum approaches its crucial $4,000 resistance for the first time since December. The Bulls are currently focusing on checking continuity beyond this level, but the possibilities for short-term integration remain on the table. The momentum is strong, but a short cooldown can strengthen the foundation for your next move.
Eth Weekly Chart shows great strength
Ethereum’s weekly charts confirm a strong breakout that ETH currently trades around $3,800. This is a level that has not been seen since early 2024. The surge comes after a clean recall of $2,852 in support and a quick push beyond the long-standing $3,742 resistance zone. The move is supported by a rise in volume and a steep slope in price action, reflecting a strong bullish momentum. More importantly, Ethereum is well above its 50, 100 and 200-week moving averages, which are currently gathering near $2,400-$2,700. This consistency of long-term MAS under prices provides a solid foundation for further profits.
The structure now reflects the early stages of Ethereum’s previous bull cycle. If the Bulls keep control and can push $4,000 definitively in the coming days, ETH could enter the price discovery phase and target a new all-time high later this year. However, this level has proven to be a major resistance in the past, as seen in early 2022 to late 2023, so the rejection is still on the table.
That said, a sharp gathering without major retracements from June onwards increases the likelihood of short-term integration or revision. Still, the overall trend is bullish and the momentum clearly remains in Ethereum’s favor.
Dall-E special images, TradingView chart
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