Ethereum shows potential for surpassing $4,000 as its price climbs above $3,524 and the Relative Strength Index shifts positively.
Ethereum (ETH) is on the brink of a potential major uptrend, according to a multitude of technical analysts and market experts. The cryptocurrency is currently trading at $3,524, approaching a resistance area at $3,515.01, a key Fibonacci level.
The chart shows a strong Fibonacci retracement zones at $3,515.01, $3,248.56, and $3,033.21. A sustained breakout above $3,515 would shift focus to $4,095.76 and later $4,864.08. If Ethereum manages to break above this resistance, the next potential target could be $4,864, as suggested by TommyJR's chart analysis.
The Relative Strength Index (RSI) on the 4-hour timeframe indicates a potential reversal, with the RSI trendline showing a descending path now meeting oversold territory, suggesting a pivot may be close. This aligns with previous rally setups, adding to the pattern's reliability.
The RSI on the 4-hour chart has dipped near the 30 level, historically triggering bounce moves. The stability at lower RSI levels gives traders confidence in a rebound as price holds the curved base trend. This stability, coupled with the RSI pattern, suggests a bullish momentum phase.
The chart also aligns with a broader cup-like structure that began forming around April. Ethereum's current price action sits above key moving averages and trendlines, reinforcing bullish confidence.
Supporting details from multiple expert forecasts include:
- Fundstrat’s Mark Newton projects Ethereum to reach around $4,000 by the end of July 2025, noting resistance in the $4,200-$4,500 range before potential further gains.
- Technical analysis confirms that once Ethereum surpasses the $3,515 resistance zone, it tends to consolidate briefly around $3,900–$4,100 before moving higher, validating the uptrend.
- Medium-term targets by analysts like Tom Lee and Colin Talks Crypto predict Ethereum could soar to $10,000–$15,000 or even $20,000 by the end of 2025, driven by institutional adoption, DeFi growth, and the network’s dominant position in tokenized real-world assets.
Volume has remained relatively stable during the consolidation, with no spike suggesting panic selling. Traders are closely watching whether Ethereum can repeat previous behavior and climb to projected highs, as indicated by the blue line representing projected price movement showing a clean wave toward $4,000 and higher.
TommyJR's chart analysis, posted on X, has gained over 6,500 views and triggered attention across trading forums. The bullish outlook for Ethereum remains strong, but as always, market volatility and macroeconomic factors can influence timing and price trajectories.
Crypto investors are bullish on Ethereum (ETH) as it approaches key resistance levels, with its price currently at $3,524. Market experts and analysts like TommyJR suggest that a sustained breakout above $3,515 could lead to potential targets of $4,864, boosted by positive factors such as DeFi growth, institutional adoption, and its dominant position in tokenized real-world assets. Meanwhile, the Relative Strength Index (RSI) on the 4-hour timeframe indicates a potential reversal and a bullish momentum phase, aligning with the broader cup-like structure that began forming around April.
