- Ethereum surged 30% last week, breaking through a key supply zone
- Price is now entering a major daily supply area—risk of retracement exists
- Two main outcomes: breakout to $4,000 or dip to collect liquidity before moving higher
Ethereum is currently sitting around $3,800—and the big question is, what’s next? Are we gearing up for a breakout toward $4,000 and beyond, maybe even a new all-time high?
Or is the market about to throw us a curveball and drag ETH back down?
Last week was wild.
We saw Ethereum rocket up by 30% on the weekly timeframe, cleanly slicing through a supply zone that, frankly, I expected to slow things down.
But nope—price didn’t even flinch. No rejection, no hesitation. Just pure bullish momentum.
This kind of movement doesn’t come out of nowhere. It started with a clear accumulation phase. You know the drill—quiet sideways action, liquidity grabs, and then boom: manipulation, followed by a clean distribution upwards.
Classic market behavior.
Now, here’s where things get interesting.
ETH is currently tapping into the highest daily supply zone—the kind of area that often sparks at least a short-term retracement. Price is moving right into that territory, and you can feel the tension.
Will sellers show up here? Or are buyers too strong to let the market pull back?
Honestly, it could go either way. If there’s liquidity stacked up below—like stop-losses from long traders—then we might see price dip down to sweep those levels before pushing higher. That’s a move I’ve seen play out time and time again.
But let’s not pretend we’ve got a crystal ball here. As much as I’d love to say, “ETH is 100% going to do X,” the truth is, the market doesn’t care about our predictions. It does what it wants—sometimes violently, sometimes deceptively.
So what’s my Ethereum price prediction?
There are two main scenarios I’m watching:
- If ETH breaks above $3,800 with strength, the path to $4,000 is wide open—and a new ATH isn’t off the table.
- But if price starts rejecting this daily supply, we might get a pullback toward the previous structure low. That would shake out late long entries and maybe give smart money a cleaner setup for continuation.
Stay sharp. Stay flexible. This market rewards those who prepare—not those who assume.
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