Ethereum Price Prediction: After breaking through $3800, is the sprint to $4000 possible? Can ETH maintain its rise?

Ethereum ( ETH ) price has successfully broken through the key resistance area of $3800, demonstrating strong upward momentum. Currently, ETH is stabilizing above $3820 and the 100-hour moving average, with a key bullish trend line support formed on the hourly chart at $3800. If the price can hold above the $3800 support level, it is expected to challenge $3900 and further push towards the psychological level of $4000. This article analyzes the short-term technical trend of Ethereum and key trading points based on real-time market data and long-tail keywords.

【ETH starts a new round of pump行情】 The price of Ethereum gained strong support above $3600 and followed in the footsteps of Bitcoin (BTC) to start a new round of rise. The ETH price continuously broke through the two key resistance levels of $3700 and $3800, successfully standing above the $3850 level, with a peak reaching $3904. The current price is consolidating above $3820 and remains above the 100-hour simple moving average (SMA), establishing a bullish tone for the short-term trend.

[Key Technical Formation: Bullish Trendline Formation] On the hourly chart of the ETH/USD trading pair (data source from Kraken), an important technical pattern is emerging - the price is forming a key bullish trend line support in the 3800 USD area. The construction of this pattern indicates that market buying power is dominant. If Ethereum can maintain support in the 3800 USD area in the short term, it is likely to accumulate strength for a new round of pump.

【Price Trend Analysis: Consolidation at High Levels After Breaking Resistance】 The current pump started from a swing low of $3515 and reached a high of $3904. The current price has a limited pullback, stabilizing above the 23.6% Fibonacci retracement level of this rally. Combined with the price being solidly above $3820 and the 100-hour moving average, as well as the support from the bullish trend line, Ethereum's short-term technical structure shows a positive trend.

[Upside Target: Key Resistance Level Outlook] The initial resistance that Ethereum price faces on the upside is near the psychological level of $3900. The next key resistance is in the $3920 area, while the first significant resistance looks to the $3950 level. If the bulls can strongly break through the $3950 resistance, the ETH price is expected to directly challenge the $4000 mark.

If it can successfully break through the key resistance level of 4000 USD, the rise of Ethereum is expected to accelerate further. In this scenario, ETH may test the resistance zone of 4050 USD in the short term, and may even aim for the high target of 4200 USD.

[Downward Risk: Pullback Support Level Analysis] If Ethereum fails to effectively break through the resistance level of 3920 USD, it may trigger a technical correction. The initial support on the downside is around 3820 USD, while the primary key support remains in the 3800 USD area (coinciding with the bullish trend line).

If the price clearly breaks below the support level of 3800 USD, it may trigger a deeper correction, probing into the support area of 3750 USD. Continued breakdown may test the support level of 3700 USD, with the next key support level at 3640 USD.

【Technical Indicators Interpretation】

• Hourly MACD: The MACD indicator for ETH/USD is in the bullish zone and momentum continues to strengthen.
• Hourly Chart RSI (Relative Strength Index): The RSI value is currently firmly above the 50 level, indicating bullish dominance.
• Main support level: 3800 USD (key trend line support)
• Main resistance level: 3920 USD (recent high resistance)

【Conclusion】 Comprehensive technical indicators and price pattern analysis show that Ethereum has clearly tilted bullish after effectively breaking through the $3800 mark. If it can maintain the key support at $3800 and break through the resistance zone of $3920-$3950, it is expected to initiate a sprint towards $4000 and even higher targets. Cryptocurrency traders need to closely monitor the defense strength of the $3800 trendline support, as this position can serve as a watershed for judging short-term strength and weakness. Market volatility is increasing, so investors should manage risks by combining real-time market data. The development of the Ethereum ecosystem and the overall sentiment of the crypto market remain key variables influencing future trends.