- Ethereum’s OBV continues to post higher lows, suggesting strong buying pressure is building across multiple sessions.
- A bullish market structure is forming, supported by a trendline that, if held, keeps the price bias upward.
- $4,000 remains a near-term technical target as long as Ethereum stays above the critical support zone marked on charts.
Ethereum has broken through the $3,650 barrier with a 1.45% increase over the past 24 hours. With trading volume surpassing $28 billion and daily transactions at 2 million—the highest seen yet in 2025—Ethereum now shows some strength.
Ethereum On-Balance Volume and Market Structure Suggest Strength
According to IncomeSharks, Ethereum’s On-Balance Volume (OBV) remains strong, maintaining a pattern of higher lows. The bullish structure forming on the chart supports a case for further price appreciation. IncomeSharks noted that the only scenario they would consider selling is if Ethereum loses support at a critical blue trendline.
This technical setup reflects a market preparing for a potential move above $4,000. OBV is often used to confirm price trends, and in this case, it supports the ongoing upward movement. Ethereum’s consistent pattern of higher lows suggests buyers are stepping in during dips.
The observation from IncomeSharks aligns with the increased trading activity and strong market confidence seen in recent sessions. While caution remains part of the strategy, the positioning favors a continued uptrend as long as the support line holds.
Record-Breaking Network Activity Boosts Ethereum Sentiment
Tom Tucker pointed out a notable development in Ethereum’s on-chain metrics. Daily transactions crossed the 2 million mark, a new peak for 2025. As Ethereum price rose above $3.6K, this increase in usage reflects growing demand across the network.
The rise in transactions often indicates more participation, whether from DeFi, NFTs, or smart contract interactions. This growing activity could translate into higher fees and potentially stronger demand for ETH tokens.
Such metrics usually reinforce long-term investor confidence. With user activity expanding, Ethereum appears to be gaining broader network utility and transaction throughput, supporting its current price trajectory.
August Historical Trend May Push Ethereum Toward $5K
Crypto analyst Alek highlighted Ethereum’s seasonal trend in post-halving years. Historically, ETH has gained an average of 64.2% in August during those cycles. If this pattern holds, Ethereum could approach the $5,000 mark by next month.
The context of this prediction gains relevance considering Bitcoin’s halving earlier this year. The correlation between Bitcoin halving cycles and Ethereum’s historical August performance adds data-driven weight to this outlook.
Ethereum was at $3,651.74 as of writing. With growing momentum, network activity, and historical patterns aligning, the market is closely watching whether ETH can sustain this rally.
