Ethereum’s $4K resistance mirrors 2020 levels: Is $6K next?

• Mega whales, every holding over 10K ETH, joined the community as WLFi spent $10M on ETH.
• As soon as Ethereum closes above $4K, it may attain $5K after which $6K inside 6–8 weeks.

Previously 24 hours as of press time, 13 mega whales every holding over 10000 ETH, bolstered the Ethereum [ETH] community.

Concurrently, World Liberty Fund bought 3247 ETH price $10M elevating their whole holdings to $189M, indicating an accumulation pattern.

This spree of acquisitions underscored sturdy confidence in ETH’s worth proposition regardless of its present worth wrestle.

The growing variety of large-scale holders probably stabilizes the worth of ETH by decreasing market volatility and growing the asset’s shortage.

This dynamic is crucial as ETH has proven a declining pattern, with the worth hovering round $3,190.27, a slight improve of three.29% in a day.

Supply: Ali/X

Different belongings within the World Liberty Fund’s portfolio have been WBTC with a small uptick of 0.32% and TRON (TRX) appreciated by 1.6%. Conversely, AAVE dipped by 0.94%, standing at $301.89.

WLFi’s participation not solely influences ETH’s market however may additionally trace at an rising flooring if these accumulation developments proceed.

This strategic holding sample would possibly buffer ETH towards additional declines, suggesting a bullish outlook in crypto if the pattern persists.

Open Curiosity rising

Ethereum’s Open Curiosity have been hovering since August 2024, carefully monitoring with Ethereum’s worth motion within the long-term.

By the tip of 2024, each metrics surged, with Open Curiosity peaking close to 21 billion by January 2025.

Throughout this era, Ethereum’s worth confirmed a unstable but rising pattern, transferring from roughly $2,500 in early 2024 to highs round $4000 by yr’s finish.

Supply: CryptoQuant

The current rise in Open Curiosity prompt that regardless of the present worth decline, there was eager buying and selling curiosity that might propel Ethereum’s worth upwards as soon as once more.

Given the historic correlation, the growing Open Curiosity may result in a rally if Ethereum manages to stabilize and rebound from its press time ranges of round $3,350.

ETH would possibly see a fast climb again to and even past earlier highs, probably reaching new thresholds.

ETH repeating This autumn of 2020

Ethereum right now mirrors the scene again in This autumn 2020. Throughout that interval, regardless of Bitcoin’s rise and the excitement round DeFi, Ethereum struggled to interrupt resistance ranges, much like the $4K barrier seen presently.

Again then, each pump of Ethereum was countered by important resistance at $400, simply as we now see with the $4,000 stage.

As soon as ETH efficiently overcame the $400 resistance, it sparked a vigorous rally, surging almost 150% to high $1,000 inside two months.

Supply: Ted Pillows/X

As we speak, Ethereum grapples with the same sample. The present chart exhibits repeated makes an attempt to breach the $4K stage, with related rejections akin to the previous.

Learn Ethereum’s [ETH] Worth Prediction 2025–2026

If Ethereum can maintain an in depth above $4K, expectations primarily based on previous patterns recommend a possible fast climb to $5,000 and probably $6,000 inside six to eight weeks.

This forecast hinges on Ethereum breaking above these essential resistance factors, which may act as a catalyst for an additional substantial worth surge, mirroring the explosive actions of late 2020.