đŻ $4K ETH: The Price Barrier That Could Trigger Ethereumâs Next Breakout
After surging over 40% in May and July, Ethereum still hasnât crossed the $4,000 mark a crucial resistance level that could determine its next major move. According to one market analyst, hedge funds may be intentionally keeping ETH below this level to protect their profits.
The reasoning? Professional traders and hedge funds often sell options to buyers who bet ETH will break $4K. As long as ETH stays under $4K, sellers keep the premiums but if ETH rallies past it, the buyers win big and hedge funds take a loss.
This is why every time Ethereum nears $4,000, selling pressure intensifies, pushing the price back down. Still, analysts note that with each attempt, the chances of a breakout increase.
A successful break above $4,000 could open the door to reclaiming ETHâs $4,800 all-time high from 2021. As Goodman puts it:
âStrong resistance kicks in at $4,000, but if Ethereum breaks it, the price could really take off.â
đ Bottom line: $4,000 isnât just another price point itâs the gate to Ethereumâs next major rally.