Ethereum has traded over $3,850 after staging a quick rebound from a recent fix, showing a new bullish momentum. Recovery is driven by strong purchase interest, and market sentiment is improving as price action leaps in the bull’s favor. Many analysts are currently seeking breakouts above the $4,000 level in upcoming sessions.
As more companies and funds integrate ETH into their portfolios, institutional recruitment continues to strengthen Ethereum’s position. Meanwhile, network activity remains strong with increased engagement in distributed finance (DEFI), NFTS, and tokenized assets that strengthen the core value of assets.
In addition to the bullish narrative, on-chain analytics platform Santiment reports that whales have accumulated a large amount of Ethereum over the past 30 days. This sustained accumulation trend suggests that large players are positioned for potential long-term meetings, and considers current levels as an attractive entry point.
Whale signal trust as Ethereum’s eye $4K breakout
On-chain data shows that whales have purchased more than 1.8 million Ethereum in the past month, according to analyst Ali Martinez. This massive accumulation supports the view that large players are positioned for long-term profits despite ongoing market volatility. Such purchasing activities often precede major moves and reinforce bullish sentiment across the market.
Analysts are increasingly hoping Ethereum will exceed $4,000 in the short term, predicting the best test ever in the coming weeks. A sustained breakout can cause strong momentum, but higher paths may not be without turbulence. Many expect a volatile integration phase below ATH levels before a critical move towards unknown territory.
In addition to Ethereum’s bullish outlook, there is an upward trend in the company’s ETH financial strategy. Public companies such as Sharplink Gaming and Bundational Global have recently integrated Ethereum into their balance sheets, demonstrating a shift in institutional approach to digital asset exposure. These moves underscore increased confidence in Ethereum’s long-term role as a settlement layer for decentralized financial, stability and tokenized assets.
With both the whales and the agency showing commitment, market watchers believe the coming months could mark the beginning of the much-anticipated alto season.
Ethereum Price Analysis: Bulls target $4,000 breakout
Ethereum (ETH) is trading around $3,898 after an impressive recovery from a recent fix. The chart shows strong bullish momentum, with ETH above major resistance levels at $3,860 and now serving as short-term support. The breakout suggests an increase in buyer confidence as the Bulls pushes the psychological move to the $4,000 mark.
The 50-day simple moving average (SMA) is tilted upward, far surpassing the 100- and 200-day SMA, enhancing the bullish structure. Price Action keeps all three major SMAs comfortable. This indicates that the trend has not yet been compromised. The recent volume spikes of green candles also indicate an increase in market participation on buyers.
If ETH is able to close and hold over $3,900 in future sessions, momentum could be encouraged to test the $4,000-$4,050 zone. On the downside, $3,860 is the Bulls’ first line of defense, followed by the $3,700 area along the 100-day SMA.
Dall-E special images, TradingView chart
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