- Ethereum broke above the $2,880 resistance level, challenging $3,000, targeting a bullish breakout towards $4,000
- Analyst Chris foresees Ether’s summer climb to $4,000, followed possibly by an all-time high at around $5,700.
- Key support levels lie at $2,880 and $2,750; breaching these risks risks a downside correction.
Ethereum’s price recently crossed the $2,750 barrier. Bulls pushed ETH above the $2,880 resistance, ultimately testing the $3,000 zone. After reaching this high, the price started consolidating yet remained capped above the 23.6% Fibonacci retrace of the rally through $2,515 to $3,000.
Ethereum now trades above $2,880 and the 100-hour Simple Moving Average, which is reinforced by a bullish trend line at $2,885 on the hourly chart. Resistance areas are near $2,980 and $3,000, and higher barriers are at $3,040 and $3,120.
Ethereum Targets $4,000 Before New ATH
Cryptocurrency analyst Chris posted a bullish summer roadmap for Ethereum, anticipating a rapid surge to $4,000. After a potential break, ETH may surge to a new record near $5,700. Later, a standard September correction could happen, with a strong rally aiming for $10,000 thereafter.
Another analyst supports this outlook, predicting Ether’s return to its 2024 trading range and an imminent test of the $4,000 ceiling. The rebound signals renewed momentum and growing investor confidence in Ethereum’s upward potential throughout the year.
If Ethereum fails to break the $3,000 resistance level decisively, a correction to the downside might start. Initial support comes in at $2,920, with a firmer defense near $2,880, which aligns with the rising trend line. Breaking these might spark further losses.
Support Levels and Possible Downside Risks
A drop through $2,880 could push ETH as low as $2,750, the 50% Fibonacci retracement of the recent rally. Additional weakness could push ETH down to $2,720, with the next support at $2,650. Those points become pivotal for investors looking for risk to the downside.
Ethereum registers a bullish configuration targeting $3,000 to $4,400 by July 2025, depending on clearing major resistance areas. The trend remains optimistic despite caution, as the price correction and tests of support areas shape the short-term direction. Traders await confirmation of the long-term climb as a signal of sustained upward momentum.
Also Read: Ethereum Gains Momentum Above $2,800 as Market Eyes $4,000 Level
