Will Ethereum (ETH) Hit $4K After Reaching a 7-Month High of $3,819?

• Ethereum (ETH) hits $3,819, marking its highest price since December 2024.
• RSI at 87.50 and CMF at 0.27 reflect strong bullish momentum.

Ethereum (ETH) surged to a seven-month high of $3,819, marking its strongest performance since December 2024. At press time, it trades at $3,778.56, up 6.36% over the past 24 hours. This rally aligns with heightened investor confidence and a marked shift in altcoin dominance.

Market capitalization climbed to $456.11 billion, while daily trading volume spiked 21.08% to $38 billion, reflecting deeper liquidity inflows. Ethereum’s volume-to-market cap ratio now stands at 8.14%, underscoring sustained trading activity relative to its size.

Institutional appetite also intensified. A whale recently acquired 47,121 ETH worth $169 million via FalconX. This large-scale accumulation, coinciding with reduced sell-side pressure, signals strategic positioning ahead of regulatory clarity.

Moreover, investor optimism continues to build around the SEC’s imminent approval of Ethereum ETF staking amendments. Analysts foresee potential authorization by Q4 2025, mirroring the precedent set by Bitcoin ETF approvals in early 2024.

ETH Rally Strengthens

Technically, Ethereum maintains strong upward momentum despite signs of overheating. It decisively broke the $3,600–$3,900 resistance corridor. Should the bullish trajectory continue, price projections extend toward the $4,637–$5,233 zone, as indicated by Fibonacci extensions.

Immediate support rests at $3,500, while a failure to hold that could reintroduce the $3,200 pivot level. Ethereum’s current price also trades far above the 7-day simple moving average ($3,302), confirming a bullish crossover that reinforces trend strength.

Chart indicators validate the rally’s technical foundation. The Relative Strength Index (RSI) is currently at 87.50, indicating overbought conditions. However, the RSI’s upward divergence from its 73.81 moving average supports sustained buying pressure.

Furthermore, the Chaikin Money Flow (CMF) reads +0.27, affirming consistent capital inflow into Ethereum. Bullish conviction is also visible in volume expansion. Rising green candles accompanied by increasing trade volume suggest healthy accumulation rather than speculative spikes.

Bitcoin dominance slid from 61.03% to 60.16% in just 24 hours. Concurrently, the Altcoin Season Index jumped 13.95%, reflecting investor reallocation toward alternative assets like Ethereum. ETH’s weekly gain of 21%, compared to Bitcoin’s mere 0.6%, highlights shifting risk appetite and deepening confidence in Ethereum’s evolving fundamentals.

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