Ethereum Climbs to $2,600 — Could $4,000 Be the Next Stop?

Jakarta, Pintu News – ETH prices have shown renewed bullish momentum in recent sessions. This increase comes after a sharp drop to $3,357 in early August.

Since then, the price of Ethereum has managed to break $3,550, supported by various technical patterns and massive accumulation from whales.

Now, some analysts are predicting a potential breakout above $3,900, which could even touch $4,100 in the short term.

Ethereum Price Up 2.76% in 24 Hours

As of August 5, 2025, Ethereum was trading at around $3,682 (approximately IDR 60,409,963), marking a 2.76% gain in the past 24 hours. Over the same period, ETH dipped to a low of IDR 57,959,981 before climbing to a high of IDR 61,296,876.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $$444.06 billion, with daily trading volume rising 45% to $29.95 billion in the last 24 hours.

Read also: 3 Crypto to Watch This Week, Potential to Surge Amidst a Bearish Market!

ETH price bounces back from August low

After a bloody start to August due to a massive sell-off, ETH prices today are hovering around $3,554, a sharp jump from the low of $3,357 recorded on August 3.

This rebound started in the mid-morning of August 3, pushing the price up by almost $200 in just 24 hours, clearly visible on the 15-minute chart. One analyst thinks ETH now has the potential to rise by around 11% with a target of breaking the $3,900 level.

Based on the short-term 15-minute to 1-hour chart, the trend of Ethereum against USD appears to be clearly moving up.

Interestingly, another analyst shared the same optimistic view. He found a neat inverse head and shoulders pattern on the 1-hour chart, where the neckline has been broken.

Current upside targets range from $3,777 to $3,985, in line with growing optimism in the broader crypto market.

Technical Patterns Signal Continuation of Bullish Trend

Beyond the short-term formation, the ETH price chart on the 4-hour timeframe (4/8) shows the formation of a solid support structure just below current levels. This indicates that Ethereum/USD is able to defend that support well, increasing the chances of testing and even breaking the $3,900 resistance zone.

Read also: ETH Price Drops? Two Ethereum Whales Started a Big Shakedown!

If this trend continues, Ethereum price predictions in the near future point to a potential rise towards $4,100, according to one analyst.

He even believes that if this breakout is confirmed on the 4-hour chart, it could be the trigger for a broader altcoin rally, making Ethereum’s next move an important crypto market catalyst.

Supporting this scenario, Ted Pillows mentioned that liquidity data shows a large buildup around the $4,000 level. This level acts like a magnet that attracts attention from both institutional and retail investors, as the market starts to recover from the last downturn.

Smart Money hints at accumulation as Ethereum falls

Driving this bullish sentiment is significant whale activity. Recent data shows that large holders on platforms like Hyperliquid are mostly going long.

Additionally, a wallet connected to SharpLink Gaming reportedly bought $105 million worth of Ethereum, further strengthening the narrative that massive accumulation is underway.

These institutional fund flows indicate strong confidence in Ethereum’s price direction in the medium term. The ETH/USD price has remained stable in the range of $3,550-$3,600 despite being tested several times, confirming the resilience of the current bullish trend.

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*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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. ETH Price Eyes $4000 Rally as Smart Money Bets Big on Recovery. Accessed on August 5, 2025