After several weeks of consolidation, Ethereum (ETH) has regained upward momentum, with its price breaking out of the descending wedge formed from July to late November. Buyers have stabilized the price in a key support area, providing backing for the technical structure. At the same time, significant institutional inflows have boosted market confidence, laying the foundation for ETH to challenge $4,000.
Currently, ETH is trading at around $3,201, with key resistance levels at $3,500 and $3,750. If the price breaks above $3,500 and successfully holds, buyers could maintain the rebound’s momentum. A breakout above $3,750 would open the door to a move toward $4,000. Technical indicators are showing bullish signals: the Parabolic SAR is below the candlesticks, the MACD line is above the signal line with a green histogram, indicating sustained buying interest, while the price keeps forming higher lows, supporting a medium- to long-term uptrend.
Market confidence is also being driven by whale positions. A $426 million long position was established after the wedge breakout, absorbing sell pressure at key price levels and reducing the risk of a major price pullback. Institutional activity is also positive. For example, BlackRock has filed for a staking ETF, which plans to custody 70%-90% of its Ethereum assets through platforms like Anchorage Digital and include staking rewards. Continued participation from institutions such as Bitmine further strengthens demand and liquidity.
The increase in whale long positions and institutional staking interest provides support for Ethereum’s price. As the price holds above $3,500 and $3,750, market structure and capital flows are increasingly aligned, making the path to $4,000 clearer.
In summary, after breaking out of the descending wedge, Ethereum has entered a phase of structural recovery. The combined effect of technical patterns and institutional inflows gives ETH strong short- and medium-term upside potential, creating the conditions for the price to further challenge $4,000.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitmine promoted to the NYSE main board! Tom Lee: U.S. stocks may be near a bottom, and selling pressure on Ether may ease
Bitmine has officially moved from the NYSE American board to the main board in the United States, marking a major milestone for the company. Despite a sharp drop in the stock price, it has still increased the share repurchase program to $4 billion. The company holds a large amount of Ethereum, and expects that a rebound in the crypto market will help improve its assets and stock price performance.
CryptoCity34m ago
Bitcoin, Ethereum, and Solana ETFs Record Net Inflows on April 13
Gate News message, According to April 13 data, Bitcoin ETFs recorded a 1-day net inflow of 3,353 BTC (+$240.82M) and a 7-day net inflow of 10,712 BTC (+$769.27M). Ethereum ETFs saw a 1-day net inflow of 29,225 ETH (+$64.41M) and a 7-day net inflow of 44,575 ETH (+$98.24M). Solana ETFs registered a 1
GateNews2h ago
A whale opens a 20x leveraged ETH long position, holding 13k ETH worth $28.67 million
Gate News update. On April 13, according to monitoring by Onchain Lens, a whale opened 20x leveraged ETH long positions using two different wallets. The whale holds 13,000 ETH, worth approximately $28.67 million. In addition, the whale also holds a 20x leveraged SOL long position with a size of 286,153 SOL; and a 5x leveraged DYDX long position.
GateNews2h ago
