Ethereum Price Forecast: ETH Primed for 30% Surge Above $3,400
Ethereum Price Eyes $4,000 Amid Bullish Breakout
Ethereum Price Today: Holds Steady Above $3,440
Ethereum (ETH) is trading near the $3,440 mark as per Coinpedia Markets, showing resilience above this critical level. The stochastic oscillator is attempting to shed negative momentum, signaling a potential bullish move. A positive catalyst could drive ETH to resume its primary uptrend, with the next key target at $3,565.
The EMA50 continues to support the bullish outlook. However, a drop below $3,440 could trigger bearish pressure, potentially testing the bullish channel’s support line near $3,240 before another attempt at recovery.
Read our detailed Ethereum price prediction 2025 and insights on Ethereum's next moves, check out our full analysis.
Ethereum Price Analysis: Trading Range and Trend Forecast
Support: $3,320
Resistance: $3,570
Trend Forecast: Bullish
Ethereum’s price could rally by 30% if it sustains its position above the $3,400 resistance level, aiming for a yearly high near $4,093.
Liquidation Trends Support Bullish Momentum
ETH saw over $62.88 million in futures liquidations within 24 hours, with $28.17 million in long positions and $34.71 million in shorts. Breaking the $3,400 neckline resistance of a Head-and-Shoulders pattern has solidified Ethereum’s bullish trajectory. Sustained momentum could propel ETH to $4,522, surpassing significant resistance at $3,732.
Momentum Indicators Signal Strength
RSI and Awesome Oscillator: Trending upward above neutral levels, reflecting growing bullish pressure.
Invalidation Level: A daily close below $3,000 would nullify the bullish thesis, leading to support at $2,817.
Ethereum Whales Show Renewed Interest
The number of Ethereum whales holding at least 1,000 ETH has rebounded to 5,557, nearing its monthly peak of 5,561. This suggests renewed confidence among large holders, which often signals price stability or upward trends.
Whale Activity: Increased whale accumulation indicates optimism, supporting the current bullish sentiment.
Ethereum’s ability to maintain its position above $3,400 is critical for achieving its bullish targets. Positive momentum indicators and increased whale activity support the case for an extended rally, with the potential for a 30% surge if ETH overcomes resistance levels. Keep an eye on $3,732 and $4,093 as key levels in Ethereum’s path to new highs.