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07/25 17:05

Ethereum Price Analysis: Is ETH Ready to Break Thr

Ethereum Price Analysis: Is ETH Ready to Break Through the $4K Barrier?



Ethereum continues to hold its recent breakout gains, trading around $3,730 after a powerful leg up from the $2,500 range. This rally has pushed ETH into a critical technical zone, while on-chain metrics offer insight into market sentiment. Despite the sharp move, we’re not seeing overwhelming signs of euphoria yet.



On the daily chart, ETH is consolidating just below the $4,000 level after breaking through key resistance at $3,300. The asset is firmly above both the 100-day and 200-day moving averages, which are also starting to curl upward following a bullish crossover around the $2,500 mark, suggesting a strong uptrend structure.

The next major level of interest is the previous high at $4,100, while any downside correction could find support between $3,300 and $2,900.

Moreover, the RSI on the daily remains elevated, hovering around 78, which signals overbought conditions. That said, a sharp reversal hasn’t followed yet, implying that momentum remains intact for now. If the buyers can maintain pressure without a significant correction, ETH could build the base needed for continuation toward the previous highs of December 2024.


On the 4H chart, ETH is forming a descending triangle just beneath resistance, with a series of lower highs pressing into the $3,800 zone. The RSI has also bounced from the 50 level, currently sitting near 56, showing a mild recovery in momentum after the recent pullback. The structure suggests that a breakout above the descending trendline could trigger another wave higher.

If the pattern breaks to the downside, however, the immediate support to watch is the $3,500 range. A move below that would put the $3,200 zone back into play. For now, volatility is compressing, and a decisive breakout in either direction is likely in the coming sessions.


The Ethereum exchange reserve continues to decline, now sitting at a multi-year low of around 19.3 million ETH. This sustained downtrend reflects a broader shift in market behavior, where investors and institutions are increasingly moving their ETH off centralized exchanges, either into cold storage, staking platforms, or DeFi protocols. Historically, such a reduction in exchange-held supply often coincides with bullish price trends, as it signals reduced sell-side pressure and a stronger conviction among holders.

What’s notable is that this drawdown in reserves has continued even as ETH surged toward $3,800, indicating that holders aren’t rushing to take profits at current levels. Instead, this behavior reinforces the idea of long-term accumulation and reduced willingness to sell, especially during key breakout phases. As long as this reserve continues trending downward, it adds a strong underlying support to Ethereum’s macro bullish structure.

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