- Ethereum gained over 24% weekly despite a minor daily pullback.
- Technical indicators support bullish momentum with rising volume and higher lows.
- A breakout above $4,000 could lead Ethereum toward a $10,000 target.
Ethereum (ETH) is gaining attention again as it leads the crypto market’s recovery. It jumped 24.56% in the past week, showing strong bullish momentum, even with a small 2.39% dip on the last day.
Larger market sentiment, driven by growing enthusiasm and inflows from institutions, is also positive for an upward move in ETH. Ethereum is currently priced at $3,703.15.
It made a 24-hour trade volume worth $44.54 billion, a slight decrease of 2.62%, as the total market capitalization reached $447.01 billion, making it the second-largest cryptocurrency in terms of market capitalization.
Ethereum Technical Indicators Signal Continued Uptrend
A close look at Ethereum’s 7-day candlestick pattern reveals a firm upward trend. Although the buying spree commenced near the $3,000 mark, it proceeded in a firm, upward trajectory above $3,500 under increasing bullish pressure.
This upward trend got briefly stalled near $3,600, where the price entered a phase of consolidation in a pattern of alternate red and green candles, a classic sign of short-term indecision and profit-taking.
Momentum gained quickly after, with the ETH bursting out of the consolidation range to test the $3,850 level. This action also arrived with stepped-up trading volumes, adding support for the strength behind the move.
Present price action, though, shows a slight dip, with the token falling back to near $3,650, indicating a short-term tempering off. The key support is now at $3,600, with resistance still in position at $3,850–$3,880.
Despite the correction, the bigger picture remains bullish. The presence of stable higher lows, plus rising volume, also means a good market structure with room for the next leg up in the event of consolidation.
Also Read: Ethereum Holdings Rise After GameSquare’s Bold $250 Million Investment Plan
Analysts Set Sights on $10,000 if $4,000 is Broken
According to popular crypto analyst Ali (@ali_charts), the next major level for ETH is the psychological level of $4,000. Should the level be broken convincingly, ETH can go for an ambitious price, $10,000.
A year-long chart analysis presented by Ali shows Ethereum’s price action from mid-2024 through mid-2025. Strong historical support for ETH can be seen at $3,000, with resistance at $4,000.
Although there are no specific indicators for RSI, MACD, etc., the candle setup suggests rising volume and momentum close to the breakout region. The ambitious $10,000 target is based on bullish ETF-led inflows, as well as broader market macro movements.
With Ethereum continuing through short-term corrections with resilience and strength, current market attention now firmly centers on the $4,000 level. Breaking above the region could become the catalyst for a sustained long-term bull run over the next few months.
Also Read: Ethereum Pushes Crypto Inflows to Record $4.39 Billion as U.S. Whales Step In
