Ethereum Breaks Key Resistance at $4,100, Here’s Why $7,200 Is Now in Sight

Ethereum breaks key resistance at $4,100, signaling a bullish continuation toward $7,200.

Rising ETF inflows and whale buys suggest growing institutional confidence in Ethereum’s trend.

Weekly chart breakout from a broadening wedge pattern supports a mid-term rally projection.

Ethereum (ETH) is showing strong momentum after breaking a key resistance near $4,100. The asset is currently trading at $3,777, supported by rising demand, institutional inflows, and bullish technical patterns. Ethereum's breakout from a long-term wedge may lead to further gains if the trend continues.

Breakout From Broadening Wedge Confirms Bullish Setup

Ethereum’s price structure on the weekly chart shows a right-angled descending broadening wedge pattern. This pattern has a horizontal support line and a descending resistance line, which ETH has now broken to the upside. According to analysis prepared by Titan of Crypto, this breakout confirms bullish sentiment and supports a measured move targeting $7,200 in 2025.

The initial resistance was near $4,100, and price action around that level indicated strong buyer interest. Volume increased after the breakout, with on-chain data showing declining exchange reserves. This supports the view of accumulation and holding. According to an observation by CryptoKnee on TradingView, ETH is now trading above key moving averages and inside a strong upward channel.

Source: CryptoKnee(TradingView)

Market activity around this breakout has also seen a rise in long positions and short liquidations. Whale accumulation has been reported, including a $50 million ETH purchase at an average price of $3,715 by address 0x5A8E. This suggests growing confidence in Ethereum’s mid-term trend.

Institutional Demand and Elliott Wave Structure Support Upside

Recent ETF inflows into Ethereum have been substantial. U.S. spot ETH products saw a $727 million single-day intake during the week ending July 18. This level of demand supports continued upward movement as professional capital seeks exposure.

Source: GertVanLagen(X)

Dutch analyst Gert Van Lagen used Elliott Wave theory to explain that Ethereum may now be in Wave V of its cycle. This wave represents the final bullish phase and could take ETH to $10,000. However, the $6,700–$7,200 target remains the focus after confirmation of the wedge breakout.

Ethereum’s network activity is also expanding. Growth in Layer 2 projects like Arbitrum and Optimism has followed Ethereum’s price move. This strengthens overall ecosystem demand, reinforcing bullish market sentiment.

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