TLDR

Ethereum is trading at $3,749 as the market reacts to the upcoming Federal Reserve interest rate decision.
The cryptocurrency reached a high of $3,941 on July 28 before experiencing a minor pullback.
Analysts believe Ethereum is consolidating and may be preparing for a major price movement.
A crypto analyst has identified $3,300 as a critical support level for Ethereum’s bullish trend.
If Ethereum holds above $3,300 it could rise to $4,220 and potentially reach $5,140.

Ethereum is trading at $3,749 as market participants anticipate the Federal Reserve’s upcoming decision on interest rates. The cryptocurrency briefly approached the $4,000 mark, hitting $3,941 on July 28 before facing a mild pullback. Analysts interpret the decline as consolidation, suggesting Ethereum may be preparing for its next significant price move.

Ethereum has maintained bullish momentum while holding above a critical support level at $3,300. This level acts as the foundation for a potential rally to $4,220 or even $5,140. The support is seen as a vital barrier, and its strength continues to shape market expectations.

Crypto analyst Ali links Ethereum’s potential surge to two key elements: holding above $3,300 and the MVRV Pricing Bands. This on-chain metric evaluates Ethereum’s market conditions and sentiment. As long as both indicators remain positive, the probability of higher prices grows.

As long as the $3,300 support holds, Ethereum $ETH could be on track for a move to $4,220 and potentially $5,140, based on the MVRV Pricing Bands. pic.twitter.com/WTJsSZF7PB

— Ali (@ali_charts) July 30, 2025

Institutional Accumulation Drives Market Confidence

Ethereum is witnessing increased accumulation by major institutional players and crypto whales. On-chain data confirms that nine new wallets acquired 640,646 ETH worth $2.43 billion since July 9. Additionally, wallet “0x4352” recently withdrew 20,000 ETH valued at $75.56 million from Binance.

Glassnode data shows Ethereum’s +1σ Active Realized Price band sits at $4,500, serving as a key resistance level. This level blocked upward movement in March 2024 and during the 2020-2021 cycle. A break above could indicate market euphoria and potential instability.

Further, BlackRock’s Ethereum ETF (ETHA) now holds over three million ETH valued at $11.36 billion. Since July 1, ETHA added 1.25 million ETH, totaling $4.73 billion in acquisitions. Whale wallet “0x3dF3” also received 12,000 ETH worth $45 million from Galaxy Digital’s OTC wallet.

Ethereum’s Bullish Case Hinges on Technical and On-Chain Support

Ethereum remains positioned for gains if it stays above the $3,300 support zone. Analysts believe sustained support there would keep bullish momentum intact. With strong whale activity, Ethereum’s market structure continues to strengthen.

The MVRV bands also provide optimistic signals, aligning with previous cycles before large price increases. Ethereum breaking above $4,500 could push it toward $5,140. While volatility persists, support levels and accumulation trends support a possible bullish outcome.

The post Analyst Predicts Ethereum Surge to $5,140 if $3,300 Level Holds appeared first on CoinCentral.

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Filed under: News - @ July 30, 2025 6:27 pm