Ethereum Price Surges Back – Is $4K the Next Stop in This Bull Run?

Ethereum's bulls are back in the driver's seat—price action just flipped bullish with momentum that could send ETH toward $4,000. Here's why traders are betting on another leg up.

### The Setup: ETH Shakes Off Weakness

After weeks of sideways action, Ethereum finally cracked resistance. No fancy indicators needed—price broke key levels, and volume spiked. Classic bull signal.

### The Target: $4K or Bust?

Psychological barriers matter in crypto, and $4,000 is the next big test. If buyers hold this rally, ETH could retest its all-time highs. (And yes, that includes surviving the usual 'institutional whales pretending they weren't just panic-selling' phase.)

### The Wildcard: Macro Mood Swings

Crypto doesn't trade in a vacuum—Fed chatter, ETF flows, and even Bitcoin's moves will dictate whether this rally has staying power. But for now? The charts say higher.

Ethereum Price Eyes Fresh Gains

Ethereum price started a downside correction from the $3,940 level, like Bitcoin. ETH price declined below the $3,900 and $3,800 support levels.

The bears even pushed the price below the 50% Fib retracement level of the upward MOVE from the $3,515 swing low to the $3,940 high. Finally, the price spiked below $3,700 and the 100-hourly Simple Moving Average. It tested the $3,680 support zone.

The bulls protected the 61.8% Fib retracement level of the upward move from the $3,515 swing low to the $3,940 high. The price is again rising above the $3,750 level. There was a break above a bearish trend line with resistance at $3,810 on the hourly chart of ETH/USD.

Ethereum price is now trading above $3,820 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,880 level. The next key resistance is near the $3,920 level. The first major resistance is near the $3,940 level. A clear move above the $3,940 resistance might send the price toward the $3,980 resistance.

An upside break above the $3,980 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,050 resistance zone or even $4,120 in the near term.

Another Drop In ETH?

If ethereum fails to clear the $3,880 resistance, it could start a downside correction. Initial support on the downside is near the $3,800 level. The first major support sits near the $3,720 zone.

A clear move below the $3,720 support might push the price toward the $3,680 support. Any more losses might send the price toward the $3,565 support level in the near term. The next key support sits at $3,500.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,800

Major Resistance Level – $3,880