Ethereum Set to Skyrocket: Analysts Predict 'God Candle' Surge Beyond $4,000 This Week
July 17, 2025
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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NewsBTC • Jul 17, 2025
Ethereum Could Shoot Above $4,000 This Week, Predicts Analyst