Ethereum (ETH) could surge above $4,000 this week, analysts predict

Jakarta, Pintu News – Ethereum (ETH) is showing signs of a significant price increase, with renowned crypto analyst, Kaleo (@CryptoKaleo), predicting a price surge that could push ETH past the $4,000 mark in the next few days. In a post on X, Kaleo stated that a dramatic rise that he calls a “God candle” could happen after today’s breaking news.

Kaleo Prediction: Ethereum Surge

Kaleo depicts the Ethereum-Tether (USDT) pair in an ascending wedge pattern that has capped any gains for over three months. The upper resistance line is currently near $3,000, while the lower limit started from around $1,450 in early April and increased to $2,600 in late June.

The pattern failed in mid-June, when prices broke through support and bottomed out near $2,100, an episode Kaleo calls a “Breakdown”. Three weeks later, the market managed to close above the line again, which he calls “Reclaim”, turning the support-turned-resistance back into a jumping-off point.

Also Read: XRP Price Surges Again: Momentum Rising, Eyeing Key Resistance

Ethereum’s rise fuels $4,000 hopes

Since the “Reclaim” event, the price has been moving steadily higher, compressing volatility against the wedge top until earlier this week when the price managed to break the ceiling around $3,030. When the screenshot was taken, the pair was trading near $3,041, and the hand-drawn projection-labeled “Send”-shows a near-vertical advance that reaches slightly above $4,000.

This projection takes its height from the widest part of the wedge: the distance between the early May trough and the peak of the mid-May swing was around $1,000; adding that amplitude to the breakout point gives a classic measured move target in the early $4,000s, in line with Kaleo’s target.

Macro Support and High Investment Boost Ethereum

Kaleo’s prediction comes amid a backdrop of greater risk: Bitcoin (BTC) is accelerating towards record highs near $123,000 from last week as investors enjoy a more stable macro environment.

Specifically for Ethereum, enthusiasm has been amplified by SEC filings revealing that Peter Thiel’s Founders Fund has amassed a 9.1% stake in Bitmine Immersion Technologies, a publicly traded company led by Tom Lee that has stockpiled more than 163,000 ETH-about half a billion dollars-as part of an aggressive Ethereum treasury strategy.

These two key influences, macro-driven liquidity and high-profile venture support, reinforce Kaleo’s thesis that a “God candle” towards $4,000 could happen before the week ends.

Conclusion

At press time, ETH is trading at $3,225, showing significant potential to reach Kaleo’s prediction. With support from macroeconomic factors and strategic investments, Ethereum seems poised to surge to new price levels.

Also Read: $2 Billion Fresh Money Injection, Bitcoin Ready to Fly Again? Analyst: Big Crypto Rally Signals!

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today‘ s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Above $4000 This Week: Analyst. Accessed on July 18, 2025