Ethereum Eyes $4K by Q3 as Bullish Divergence and Whale Buys Align

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Ethereum targets $4K by Q3 after bullish divergence and breakout from higher low.Whale wallets rise 15% as ETH trading volume hits $2.3B and price nears $3,300 resistance.ETH leads altcoin momentum with RSI at 62 and strong performance above key moving averages.Three weeks ago, Ethereum (ETH) printed a daily bullish divergence, signaling a potential reversal. Since then, a higher low has formed, followed by a sharp breakout. The trend switch is now visible on the charts, and analysts suggest this move could lead to more upside, especially as several altcoins are forming weekly divergences.Reversal Structure Validated as Ethereum Targets $4,000 by Q3According to analysis prepared by Ted Pillows on X, the drop below $1,400 earlier this year marked a Wyckoff-style capitulation. He stated, “ETH reversal has started,” and projected that Ethereum could reach $4,000 by Q3. Source :Ted Pillows(X)This call aligns with Ethereum’s current price movement, which has climbed to around $3,150 as of May 11, 2025. Crypto Rover also shared similar views, noting that Ethereum’s price action closely mirrors past breakout cycles. Source :Crypto Rover(X)On-chain data from Glassnode shows a 15% increase in large ETH wallets, indicating whale accumulation. Meanwhile, ETH/USDT trading volume rose 18% in 24 hours, reaching $2.3 billion. Ethereum is now testing resistance near $3,300, a level that has historically triggered short-term pullbacks.Momentum Builds as Divergences Form Across AltcoinsThe bullish divergence observed on Ethereum’s daily chart is not isolated. Analysts tracking other altcoins have reported weekly divergences forming across the market. This pattern suggests broader momentum may be shifting toward altcoins. The bullish divergence on $ETH from 3 weeks ago indicated a potential reversal.The higher low confirmed, and then, a massive breakout took place.The trendswitch is clear.Now, this is a daily bullish divergence. On multiple #Altcoins we see weekly divergences.Good times. pic.twitter.com/mZiN0gbOEz— Michaël van de Poppe (@CryptoMichNL) May 10, 2025ETH/BTC has also climbed to 0.0502, reflecting Ethereum’s outperformance relative to Bitcoin. Technical indicators remain supportive. RSI stands near 62, with room for further movement before entering overbought territory. Ethereum trades above its 50-day and 200-day moving averages, adding strength to the breakout confirmation. According to DefiLlama, Ethereum still leads in total value locked, stablecoins, and tokenized assets, reinforcing its dominant position in the broader crypto ecosystem.Source link