Ethereum tearing up towards $4,000 as ETH displays ‘main character moment’
Ethereum (ETH) is once again stealing the cryptocurrency market spotlight, with the asset now targeting the $4,000 level. To this end, according to Analysis by charting platform TrendSpider , Ethereum is on the verge of a breakout supported by bullish technical indicators. In a July 8 post on X, TrendSpider noted that after reclaiming $3,800, Ethereum is having its “main character moment.” Ethereum having its main character moment right now.$ETHUSD pic.twitter.com/4cj0O4GO9D — TrendSpider (@TrendSpider) July 20, 2025 The outlook shows that after months of accumulation between $2,000 and $3,000, Ethereum finally broke above the key resistance zone around $3,000 and $3,200 in mid-July. This breakout unleashed strong buying momentum, pushing ETH to highs near $3,800. The platform’s Analysis identified a well-formed cup-shaped pattern that developed over the past six months, which often precedes significant upside moves. The volume profile indica...