news 
Ethereum’s Weekly Breakout Signals Bullish Surge, Eyes $6,200
August 9, 2025
In a stunning turn of events, Ethereum has surged by nearly 14% this week, breaking above the crucial resistance level of $4,000 for the first time since December 2024. The asset is currently valued at $4,082.61, with a market capitalization of $492.8 billion and daily volume of $39.74 billion.
ETH’s impressive rally has caught many off guard, particularly given its recent low of around $3,450 on August 5. It reversed the $3,708 barrier, tested it as support, and then quickly moved towards $3,950. Notably, ETH is still above all essential moving averages, including EMA20 at $3,749, EMA50 at $3,686, and EMA100 at $3,623.
Price action has been firmly riding the upper band, confirming bullish momentum and a higher high formation on Ethereum’s broader trend line since July. This technical development further supports the case for continued upward movement in the coming sessions.
Short-term market structure has established VWAP (volume-weighted average price) pinned around $3,918 as a pivot point. A consensus among analysts holds that maintaining above $3,800 will be bullish. If Ethereum breaks through this level, it could prompt a rapid test back towards $4,100, reinforcing the nearer-term bullish outlook.
Ethereum Confirms Strong Weekly Breakout
In a significant development, Bitcoinsensus has confirmed that Ethereum has conclusively broken out of a descending broadening wedge, indicating a strong swing in favor of the bulls. This weekly close above critical resistance is bolstered by considerable volume and market participation.
Consequently, the analysts have set a short-term target at $6,200, driven by robust sentiment and market engagement.
Risks Rise if Support Breaks Below $3,800
While the overall sentiment remains strong, experts urge caution due to potential seasonal headwinds that could result in a pullback against the EMA20 at $3,749 or the critical support of $3,708. Furthermore, any failure to hold above this crucial level poses significant risks and would likely send prices tumbling towards these levels.
Not everyone is bearish about Ethereum’s prospects. Some analysts are extremely optimistic about ETH’s potential long-term growth, driven by ETF growth, burgeoning decentralized finance (DeFi) development, and record-breaking transaction volume across the network.
As always, it remains crucial to monitor and analyze these market trends closely to ensure a safe and profitable trade.
Source: www.tronweekly.com
