Ethereum Set to Skyrocket: Analysts Predict 'God Candle' Surge Beyond $4,000 This Week

July 17, 2025
Ethereum Set to Skyrocket: Analysts Predict 'God Candle' Surge Beyond $4,000 This Week
  • Kaleo's analysis indicates an ascending wedge pattern forming in the Ether-USDT trading pair, with resistance near $3,000 and a lower boundary that started at $1,450 in early April, accelerating through $2,600 by late June.

  • This technical setup is supported by a confluence of favorable macroeconomic conditions and high-profile endorsements, which are seen as catalysts for a potential surge in Ethereum's price.

  • Recently, Ethereum reclaimed the psychological $3,000 level, turning it into a new support point, which is critical for future price movements.

  • After dipping to around $2,100 in mid-June, the market has recovered, closing above previous resistance levels and showing bullish momentum.

  • Broader market trends, including Bitcoin's rise toward its record high and investments by prominent figures like Peter Thiel, bolster Kaleo's optimistic outlook for Ethereum.

  • Kaleo predicts Ethereum could surpass $4,000 within the week, highlighting the potential for a significant price surge often referred to as a 'God candle'.

  • Currently, ETH is trading near $3,041, with projections suggesting it could move into the low $4,000s based on the height of the wedge pattern.

Summary based on 1 source


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