{"id":7113,"date":"2025-08-14T13:00:28","date_gmt":"2025-08-14T13:00:28","guid":{"rendered":"https:\/\/coinscap.info\/blog\/ethereum-eyes-final-boss-level-but-analyst-says-weekly-close-is-key-for-price-discovery-run\/"},"modified":"2025-08-14T13:00:28","modified_gmt":"2025-08-14T13:00:28","slug":"ethereum-eyes-final-boss-level-but-analyst-says-weekly-close-is-key-for-price-discovery-run","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/ethereum-eyes-final-boss-level-but-analyst-says-weekly-close-is-key-for-price-discovery-run\/","title":{"rendered":"Ethereum Eyes \u2018Final Boss\u2019 Level, But Analyst Says Weekly Close Is Key For Price Discovery Run"},"content":{"rendered":"

Ethereum (ETH) is attempting to reclaim a crucial area as price nears its 2021 all-time high (ATH). However, an analyst suggested that this week\u2019s performance will be key for the long-awaited price discovery rally.<\/p>\n

Ethereum Eyes Last Major Resistance<\/h2>\n

Over the past week, Ethereum has had a remarkable performance, jumping nearly 30% to a multi-year high of $4,750 on Wednesday afternoon, just 3.3% away from its ATH of $4,848, recorded in November 2021.<\/p>\n

Notably, the King of Altcoins has seen a 40% recovery from the start-of-month pullback, finally breaking from its local range and reclaiming the crucial $4,000 barrier last Friday. Since then, ETH has continued to soar, reclaiming the $4,400-$4,500 area on Tuesday.<\/p>\n

The cryptocurrency has been hovering between $4,600-$4,750 throughout the day, while attempting to break out of this range to potentially tackle<\/a> \u201cthe final boss\u201d of resistance around the $4,800 area.<\/p>\n

Analyst Rekt Capital discussed<\/a> ETH\u2019s recent performance, highlighting that it had successfully broken out of its multi-year resistance and turned it into support after its post-breakout retest at the start of the month, which has enabled the current move to the final Macro Range, between $3,762 and $4,631, that could precede new highs.<\/p>\n

\"ethereum\"<\/p>\n

However, he noted that the altcoin\u2019s price \u201chistorically upside wicked beyond this final major Weekly\/Monthly resistance for 3 straight weeks in a row\u201d last cycle.<\/p>\n

As the analyst explained, in late 2021, Ethereum was rejected from the $4,631 resistance after hitting its ATH and attempting to turn it into support in the weekly timeframe, which was followed by an 80% retracement.<\/p>\n

This suggests that \u201chow ETH treats $4,631 over the coming days will be pivotal\u201d for the cryptocurrency\u2019s upcoming performance, as it could potentially hit a new ATH but get ultimately rejected. Therefore, weekly closing above the Macro Range breakout level is crucial to \u201cgo against the grain of history.\u201d<\/p>\n

Is A Rejection Next?<\/h2>\n

Holding the $4,630 mark on the first attempt \u201cwould be a huge signal of strength,\u201d the analyst asserted, but warned that \u201cmore often than not, price tends to get rejected but in a shallower manner.\u201d<\/p>\n

If Ethereum fails to reclaim this level, the King of Altcoins could see an 18% drop to the Macro Range lows, around the $3,762 support, which would fulfill a key recently opened CME Gap on ETH\u2019s chart.<\/p>\n

The Weekly CME gap, created this week, sits between the $4,091-$4,261 area, leading Rekt Capital to suggest that a more volatile retest of the CME gap could briefly send the price to the Macro Range lows.<\/p>\n

Meanwhile, if Ethereum reclaims the final major weekly resistance as support, ETH\u2019s price discovery rally above the $5,000 mark will be next.<\/p>\n

Notably, Ali Martinez suggested<\/a> that once the $4,800 barrier is turned into support, the cryptocurrency will be poised for a rally to the $5,200 and $6,400 levels, according to the MVRV Extreme Deviation Pricing Bands.<\/p>\n

As of this writing, Ethereum is trading at $4,748, a 56% increase in the monthly timeframe.<\/p>\n

\"Ethereum,<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) is attempting to reclaim a crucial area as price nears its 2021 all-time high (ATH). However, an analyst suggested that this week\u2019s performance will be key for the long-awaited price discovery rally. Ethereum Eyes Last Major Resistance Over the past week, Ethereum has had a remarkable performance, jumping nearly 30% to a multi-year…<\/p>\n","protected":false},"author":1,"featured_media":7114,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[111,1407,425,227,32,38,2802,1655,2862,39,2863,331,42],"class_list":["post-7113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-market-bull-run-2025","tag-crypto-market-recovery","tag-crypto-trader","tag-cryptocurrency-market-news","tag-eth","tag-eth-ath","tag-eth-breakout","tag-eth-rejection","tag-ethereum","tag-ethereum-price-discovery","tag-ethereum-rally","tag-ethusdt"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/7113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=7113"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/7113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/7114"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=7113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=7113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=7113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}