- Ethereum nears $4,000 as traders on Polymarket show rising bullish conviction
- Breakout above $4K could push ETH toward $6K or even $15K, analysts suggest
- Historical August gains and post-halving trends fuel Ethereum’s bullish momentum
Ethereum continues to capture investor attention as its price surges closer to a major resistance zone near $4,000. Market sentiment, driven by strong technical indicators and robust historical trends, points to further upside possibly toward a new all-time high.
With just days remaining in July, prediction markets like Polymarket are signaling overwhelming confidence in Ethereum maintaining key price levels. This optimism is backed by sharp increases in buying volume and growing analyst conviction that the next move could redefine the current bull cycle.
Market Bets Lean Heavily Bullish
On Polymarket, Ethereum’s probability of closing above $3,600 by July 31 has jumped to 87%, reflecting an 11% increase recently. The market for this threshold has attracted over $78,000 in volume, indicating strong participant engagement.
For higher assurance levels, investors can look to the $3,400 mark, which carries a 95% likelihood. The trading volume here exceeds $106,000, reinforcing growing confidence.
Beyond that, the data shows near-certainty for Ethereum holding above $3,200, $2,800, and even as low as $2,200, with “Yes” shares priced between 99.1¢ and 99.9¢. This suggests that traders do not anticipate any major dips below these levels in the short term. Ethereum currently trades at $3,895.57, up over 3% in the last 24 hours, bringing its market cap to $470 billion.
Critical Resistance at $4,000: Make or Break
According to analyst Crypto Patel, Ethereum has entered a pivotal zone. The $4,000 level marks a major high-timeframe resistance. Breaking this level could trigger a powerful rally toward $6,000 or beyond. Patel outlines a potential price roadmap where a successful breakout could even send ETH to $15,385, a tenfold increase from its bear market lows.
However, a rejection at this level could lead to a retracement toward the $3,200–$2,800 range. Patel highlights the $2,248 and $1,400 zones as possible re-entry points for long-term investors.
Seasonal Tailwinds Add to Bullish Case
Crypto Rover adds another layer of optimism. August, typically a bullish month in post-halving years, could act as a catalyst.
It’s almost August.
— Crypto Rover (@rovercrc) July 27, 2025
August is usually a very bullish month in a post-halving year for Ethereum!
Average return: 64.2%
If history repeats, $ETH could hit $6,000 next month. pic.twitter.com/1PVYmcogj7
Historical data shows Ethereum’s average return in August during such years is 64.2%. If that pattern holds, ETH could challenge or surpass $6,000 in the coming month.
