Ethereum Could Shoot Above $4,000 This Week, | Crypto News
Ethereum is flashing indicators of an aggressive upside transfer, with well-known crypto analyst Kaleo (@CryptoKaleo) forecasting what he described as a “God candle” that may propel ETH past the $4,000 mark within days. In a post on X, Kaleo wrote: “God candle to $4K+ this week… honestly though I wouldn’t be surprised if we see something like this play out after today’s news. Don’t let them shake you out if it happens anon. up only soon.”
In Kaleo’s chart, the Ether–USDT pair is sketched inside an ascending wedge whose higher boundary has capped every rally for more than three months. That resistance line now sits close to $3,000, while the decrease boundary originates close to $1,450 in early April and accelerates through $2,600 by late June.
Ethereum Breakout Fuels $4,000 Hopes
The sample briefly failed in mid-June, when price sliced through assist and bottomed close to $2,100—an episode Kaleo tags “Breakdown.” Three week later the market closed decisively back above that very line, an occasion he annotates “Reclaim,” changing former assist turned resistance back into a springboard.
Candles since the reclaim have marched steadily increased, compressing volatility against the wedge’s apex until earlier this week when price punched through the ceiling at roughly $3,030. At the second the screenshot was taken the pair traded close to $3,041, and a hand-drawn white projection—labelled “Send”—plots a near-vertical advance that crests just above $4,000.
The projection takes its peak from the widest part of the wedge: the space between the early-May trough and the mid-May swing high measures a little over $1,000; including that amplitude to the breakout level delivers a classical measured-move goal in the low-$4,000s, matching Kaleo’s goal.
Also importantly, price has reclaimed the psychological $3,000 deal with on convincing momentum, turning what had been the midpoint of the vary into contemporary assist. Intermediate friction zones seem close to $3,344–the 0.618 Fibonacci retracement also identified as the “golden pocket– but the projection assumes these levels will offer little resistance should a “god candle” materialise.
Kaleo’s prediction comes on the heels of a broader risk‑on backdrop: Bitcoin is accelerating in the direction of its report high close to $123,000 from final week as buyers embrace a steadier macro surroundings. For Ether particularly, enthusiasm has been amplified by an SEC submitting revealing that Peter Thiel’s Founders Fund amassed a 9.1 % stake in Bitmine Immersion Technologies, the Tom Lee‑chaired public company that has stockpiled more than 163,000 ETH—roughly half a billion {dollars}’ value—as half of an aggressive Ethereum‑treasury strategy.
The twin tailwinds of macro‑pushed liquidity and high‑profile enterprise endorsement reinforce Kaleo’s thesis that a “god candle” toward the $4,000 mark may ignite before the week attracts to a close.
At press time, ETH traded at $3,225.
Stay up to date with the most recent trending crypto information! Visit our web site every day for the freshest Crypto information and content material, fastidiously curated to keep you knowledgeable.
