- ETH eyes $3,980 resistance; analysts say breakout could trigger a major rally toward $4,200.
- Whales and institutions bought over $675M in ETH, signaling strong bullish interest in the asset.
- Ethereum’s market dominance surpasses 10%, its highest since 2020, boosting bullish market sentiment.
Ethereum ($ETH) continues its upward momentum and is approaching a key resistance level at $3,980. According to analysts, breaking above this level could lead to a major bull rally. At the time of writing, ETH was trading at $3,451, with growing market activity supporting the move.
Price Builds Strength as Analysts Target Higher Levels
Ethereum’s recovery began after it bounced from $1,700 in Q1 2025. The asset broke past $2,700 in Q2 and later crossed $3,000 in early July. According to analysis prepared by Ali Charts, this move confirmed bullish momentum and set the next key target near $3,980.
The chart shows that $3,980 remains the next technical level to watch. A sustained breakout above it could push ETH toward $4,200, a zone tested during peaks in March and August 2024. Ali Charts noted that trading activity suggests limited resistance between $3,800 and $4,200.
According to an observation by Javon Marks, a move beyond $4,000 may send ETH to $4,811. Other analysts, including Henry, believe Ethereum has formed a bull flag and may move higher after clearing downside liquidity.
Institutional Interest and ETF Inflows Boost Ethereum
Institutional demand continues to grow. Lookonchain reported that SharpLink Gaming bought 91,330 ETH worth $275 million in just seven days. Other whales, including “0x9684” and “0x35fb,” added over $400 million in ETH across major exchanges this week.
At the same time, ETF inflows remain strong. According to Farside Investors, U.S. Spot Ethereum ETFs saw $192.3 million in total inflows on July 15. BlackRock’s ETHA led with $171.5 million that day, following $259 million recorded the day before.
Rekt Capital shared that Ethereum’s market dominance rose above 10%, its highest since March 2020. Analysts continue to monitor the $3,980 level, as it may unlock the next leg higher in Ethereum’s current rally.
