Ethereum is flashing signs of an aggressive upside move, with well-known crypto analyst Kaleo (@CryptoKaleo) forecasting what he described as a “God candle” that could propel ETH beyond the $4,000 mark within days. In a post on X, Kaleo wrote: “God candle to $4K+ this week… honestly though I wouldn’t be surprised if we see something like this play out after today’s news. Don’t let them shake you out if it happens anon. up only soon.”

In Kaleo’s chart, the Ether–USDT pair is sketched inside an ascending wedge whose upper boundary has capped every rally for more than three months. That resistance line now sits near $3,000, while the lower boundary originates near $1,450 in early April and accelerates through $2,600 by late June.

Ethereum Breakout Fuels $4,000 Hopes

The pattern briefly failed in mid-June, when price sliced through support and bottomed near $2,100—an episode Kaleo tags “Breakdown.” Three week later the market closed decisively back above that very line, an event he annotates “Reclaim,” converting former support turned resistance back into a springboard.

Candles since the reclaim have marched steadily higher, compressing volatility against the wedge’s apex until earlier this week when price punched through the ceiling at roughly $3,030. At the moment the screenshot was taken the pair traded near $3,041, and a hand-drawn white projection—labelled “Send”—plots a near-vertical advance that crests just above $4,000.

The projection takes its height from the widest section of the wedge: the distance between the early-May trough and the mid-May swing high measures a little over $1,000; adding that amplitude to the breakout point delivers a classical measured-move objective in the low-$4,000s, matching Kaleo’s target.

Also importantly, price has reclaimed the psychological $3,000 handle on convincing momentum, turning what had been the midpoint of the range into fresh support. Intermediate friction zones appear near $3,344–the 0.618 Fibonacci retracement also known as the “golden pocket– but the projection assumes these levels will offer little resistance should a “god candle” materialise.

Kaleo’s prediction comes on the heels of a broader risk‑on backdrop: Bitcoin is accelerating towards its record high near $123,000 from last week as investors embrace a steadier macro environment. For Ether specifically, enthusiasm has been amplified by an SEC filing revealing that Peter Thiel’s Founders Fund accumulated a 9.1 percent stake in Bitmine  Immersion  Technologies, the Tom Lee‑chaired public company that has stockpiled more than 163,000 ETH—roughly half a billion dollars’ worth—as part of an aggressive Ethereum‑treasury strategy.

The twin tailwinds of macro‑driven liquidity and high‑profile venture endorsement reinforce Kaleo’s thesis that a “god candle” toward the $4,000 mark could ignite before the week draws to a close.

At press time, ETH traded at $3,225.

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Filed under: Bitcoin - @ July 17, 2025 2:00 am