- Ethereum shows renewed strength with two green candles after a brief pause in its strong bullish momentum.
- Key support zones at $2,800–$3,200 held firm, acting as a base for Ethereum’s continuation toward the $4K target.
- Price rises to $3,758.90 with 5.17% weekly gain as structure and sentiment align for a potential breakout.
Ethereum resumes its upward climb with fresh momentum following a short consolidation. Price reclaims support, keeping the $4,000 target in focus.
Ethereum bullish structure intact as support zones continue to hold
Ethereum’s recent price movement shows ongoing buyer interest. Support levels between $2,800 and $3,200 serve as a base for growth.. After reclaiming those zones in early July, the asset surged, forming a clean breakout above resistance.
The sequence began with nine consecutive green daily candles, followed by two minor red sessions before buyers stepped in again. This recovery, now confirmed by two more green candles, reinforces the bullish control shown on the chart shared by @IncomeSharks.
ETH rally follows resistance breakout and trend continuation setup
After the resistance breakout, Ethereum followed through with a textbook continuation pattern formed in June. The rally picked up speed as volume returned and structure remained clean.
Partial profit-taking, shown by a “Selling 10%” label on the chart, has not disrupted the trend. The supertrend indicator remains well below price, confirming that bulls still have control of the market direction.
Ethereum price edges closer to $4K amid rising momentum
Ethereum is trading at $3,758.90 as of writing, showing a daily gain of 2.86% and a 5.17% increase over the past week. Daily trading volume is at $36.6 billion, indicating active participation in this trend.
Sentiment is positive because of the structure, momentum, and support. With just a small push needed, Ethereum seems ready to reach the $4,000 target soon.
