Ethereum Dey Ready Make E Pass $4,000 on Top Technical Breakout
Ethereum don rally pass 60% from im Low for June, e don jump pass $3,425 on July 17 afta US House don carry go Crypto Genius Act, Clarity Act and Anti-CBDC Act. On-chain adoption reach record high, wey get 152 million non-empty wallets, plus ETH talk dey gbamplet for 13.4% of crypto gist. For technical side, Ethereum don break inverted head-and-shoulders neckline for $2,870 and e don cancel ascending wedge resistance for $3,000. Crypto analyst Kaleo talk say “god candle” breakout fit push ETH pass $4,000 inside few days, im floor dey for low $4,000 range wit key resistance for $3,344 (0.618 Fib). Market optimism wey Bitcoin rally and Founders Fund stake for Bitmine Immersion Technologies support dey push momentum. Traders suppose dey watch make support sustain pass $3,000 and make dem manage their risk as RSI show say market don overbought and short-term pullback fit happen.
Bullish
Dis news dey bullish for Ethereum. Regulatory progress wey dey US House plus record on-chain adoption don support ETH rally pass key resistance, plus technical breakouts—wey pass through inverted head-and-shoulders neckline and ascending wedge—dem dey signal say e fit go higher. Analyst dem talk say rapid ‘god candle’ go push ETH pass $4,000 wey go boost short-term momentum, plus institutional flows like Founders Fund ether treasury dey build longer-term support. Traders fit expect say volatility go increase but uptrend still dey, with $3,000 as critical support. Overall, di combined regulatory, technical, and institutional catalysts dey point to say Ethereum go still get bullish pressure both near and medium term.