Ethereum has recently surged past the $2,800 resistance level, consolidating at around $2,900. This significant move has caught the attention of analysts who are now closely monitoring the cryptocurrency’s next potential target at $4,000. The breakout was driven by strong institutional demand and favorable technical indicators, which suggest further gains toward the $3,100-$3,200 range. The critical level to watch is $2,700–$2,800, as a clean breakout here could signal the next big move.
Analysts are keeping a close eye on the $2,900 support level and the $3,200 resistance level. A break in either direction could indicate the next significant move for Ethereum. The market has shown a silent rise, with Ethereum’s price increasing above $2,800. While there have been small increases in altcoins, they remain at low levels, indicating that Ethereum’s surge is a standout event in the broader market.
The technical indicators suggest that Ethereum is pressing into key resistance from a rounding bottom. This pattern is often seen as a bullish signal, and a clean breakout above the $2,700–$2,800 range could further validate this bullish sentiment. The recent surge has been driven by strong institutional demand, which has been a key factor in Ethereum’s price movements.
According to the analyst’s forecast, if Ethereum can maintain its current momentum and break through the $3,200 resistance level, it could be on track to reach $4,000. However, it is important to note that this is a forecast and not a guarantee of future performance.
Ethereum is now trading at 3,038.29, up by 2.22% in the last 24 hours. Its market cap has increased by 2.64% to $366.76 billion. The price action is in the consolidation phase above $2,900, which is quite promising since the present price is above a major resistance level. The trend is backed up with technical indicators. The RSI daily is higher than 60, and the short term moving average is upwards sloping. ETH continues to hold above all key EMAs on major timeframes, aligning with sustained bullish momentum.
Ethereum futures open interest has increased 6.36% to $44.56 billion. Derivatives volume rose 117.74% to $99.19 billion, while options volume surged 170.74% to $1.53 billion. The long/short ratio stands at 1.0182 overall, while Binance’s top traders reflect a strong 2.5213 long bias. According to market activity, total liquidations reached $92.72 million in 24 hours, with $60.65 million in shorts. This skew indicates continued upward pressure on price. Smart money flows, paired with strong market participation, suggest Ethereum could be targeting $4,000 in the near term if current conditions hold.
Ethereum has broken out of the $2,500–$2,800 range and is now consolidating around $2,900, showing strong technical structure. This price movement mirrors past rallies, particularly the 2021 breakout to $4,000. With momentum building and institutional interest rising, traders are watching closely for a potential continuation in Q3 2025. Ethereum is now trading at 3,038.29, up by 2.22% in the last 24 hours. Its market cap has increased by 2.64% to $366.76 billion. The price action is in the consolidation phase above $2,900, which is quite promising since the present price is above a major resistance level.
According to analysis prepared by Marcus Corvinus, Ethereum broke out of the $2,500–$2,800 range with strong momentum and is now retesting the breakout zone cleanly. He noted, “Same price structure we saw before it flew to $4K+ last time.” This setup reflects a familiar pattern in Ethereum’s historical market cycles. The trend is backed up with technical indicators. The RSI daily is higher than 60, and the short term moving average is upwards sloping. ETH continues to hold above all key EMAs on major timeframes, aligning with sustained bullish momentum.
