Ethereum ($ETH) is showing serious strength this week. After smashing through multiple resistance and support zones with ease, ETH is now targeting the $3,500 mark — a key psychological and technical barrier. The chart shows clean breakouts above $2,472, $2,732, and more recently, $3,200, which it is currently consolidating above.

ETH is now trading at around $3,442, gaining over 30% in the past month. And the next big target? The cycle high — just 22% away, followed by the all-time high (ATH) at around $4,800, sitting 42% above current levels.
What makes this rally different is the strength and health of the current uptrend:
The last time ETH approached these levels, it experienced short pullbacks. But this current move looks more gradual and sustainable, indicating stronger support behind the rally.
The key to Ethereum’s next move is whether it can close above $3,500. If that happens:
With institutional interest increasing and the ETH ETF narrative gaining steam, Ethereum could be setting up for its next major breakout.
Looking to buy Ethereum before the next breakout?
OKX is one of the best platforms to get started — offering low trading fees, a user-friendly interface, and access to over 300 crypto assets, including ETH.
🎁 Special McLaren Giveaway – Limited Time Offer
Until September 14, 2025, new users in Europe can:
🧢 Claim a FREE McLaren F1 Team Cap
🏎️ Enter to win a VIP racetrack experience in Zandvoort (August 29–31)
👉 Sign up now on OKX and claim your bonus
Don't miss your chance to ride the next Ethereum wave — and win big along the way.
Also read: XRP Price Prediction: XRP Price to Reach $4 BUT Before...