Ethereum Surges to $3,800 — Is a Massive Rally to $5,000 Just Around the Corner?

Jakarta, Pintu News – Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is currently heading towards a crucial resistance level that is sparking new hope for investors and analysts.

After experiencing market fluctuations influenced by macroeconomic factors for several weeks, Ethereum is now showing an upward trend. The buying community has begun to watch ETH’s movements closely as important breakout territory approaches.

On July 27, the price of Ethereum was at $3,783 with a daily trading volume of $32.78 billion. These figures reflect the market’s growing interest in Ethereum and renewed hope for the asset.

Furthermore, the general rise in the crypto market has also strengthened the positive sentiment towards ETH. Then, how will Ethereum price move today?

Ethereum Price Rises 2.70% in 24 Hours

As of July 28, 2025, Ethereum was trading at approximately $3,876, or around IDR 63,414,452, marking a 2.70% gain over the past 24 hours. Within this time frame, ETH dipped to a low of IDR 61,358,001 and climbed to a high of IDR 63,678,387.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $468.03 billion, with daily trading volume rising 17% to $27.99 billion within the last 24 hours.

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Ethereum Nears Breakout as $3,800 Level is Tested

One of the most vocal proponents of Ethereum’s current technical condition is renowned analyst MMCrypto, who believes that Ethereum is on the verge of a turning point towards an all-time record high price.

According to him, over the past four years, ETH has not been able to provide significant profits for long-term investors, even making many of them experience losses.

Although the ETH price is now moving around its highest level, the majority of ETH holders are yet to enjoy meaningful profits. MMCrypto highlights the $3,800 level as an important area of resistance that has been limiting Ethereum’s price gains.

He described that ETH is now “kissing” the 4-year resistance. If the price manages to close above this level on the weekly chart, MMCrypto predicts a “monumental surge”-potentially the biggest rally in Ethereum’s history.

“All patience will pay off. The surge will be driven by those who have been bearing losses for four years,” MMCrypto said, emphasizing that this breakout could have a domino effect on the entire crypto ecosystem.

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Ethereum Breakout Could Trigger Huge Altcoin Spike

This breakout move will not only solidify a strong bullish direction for Ethereum, but also potentially pull many altcoins up with it.

Historically, large breakouts on ETH have often triggered market-wide surges, as fund flows into the crypto market increase as investor optimism grows.

Technically, indicators are also showing bullish signals in favor of a potential breakout. As long as ETH continues to press long-term resistance and maintains solid trading volume, breaking the $3,800 level could signal the start of a new bullish phase.

In short, ETH is currently at a crucial point for a major breakout, where technical factors and market sentiment are starting to align – signaling a potential next rally. If the $3,800 resistance is convincingly broken (e.g. via weekly candle closure),

This could then pave the way for one of the biggest Ethereum rallies of the modern crypto era, while strengthening the altcoin’s position and changing the direction of the crypto market in the short term.

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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:

• TronWeekly. Ethereum Eyes $5,000 Breakout as It Tests Key $3,800 Resistance Level. Accessed on July 28, 2025