🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
ETH $4K Is Loading: Weekly Close Above Cloud May Trigger Fast Bullish Breakout
Ethereum trades above the Ichimoku Cloud with a bullish crossover as the price eyes a full breakout confirmation this week.
A weekly close above the cloud and Lagging Span clearing the Tenkan-sen could spark a fast rally toward the $4,000 zone.
Bullish momentum builds as ETH gains over 20% in seven days, showing strong alignment across Ichimoku’s five technical indicators.
Ethereum is showing strong bullish momentum as it trades above the Ichimoku Cloud, suggesting a potential rally toward the $4,000 mark. The current weekly structure is setting up key confirmations that may indicate the beginning of a fresh uptrend.
Ethereum Breaks Above Cloud as Ichimoku Signals Align
A tweet from Titan of Crypto emphasized Ethereum’s bullish setup on the Ichimoku weekly chart. The recent Tenkan-sen crossing above the Kijun-sen—known as a Golden Cross—has triggered renewed optimism among market watchers. This crossover occurred near the cloud, reinforcing its importance on a macro level.
More crucially, the price of Ethereum has now breached the top of the Ichimoku Cloud. A close above the cloud on the weekly chart would confirm a bullish Kumo breakout. This pattern is historically used to signal a reversal of long-term trends and may indicate sustained upside pressure.As of writing, ETH is valued at $3575.49, has gained 20.60% in the past week, and is showing increasing market strength.
Another element supporting this bullish thesis is the Lagging Span (Chikou), which is approaching the Tenkan-sen. A clean break above it would complete full Ichimoku confirmation—when all five components reflect a bullish trend.
Institutional Activity Signals Confidence in Ethereum’s Outlook
A post from Henry added another dimension to the developing narrative. Based on his tweet, SharpLink has slowly acquired 157,000 ETH worth almost $500 million, starting July 1. Usually, such acquisition levels indicate high-conviction, long-term positioning as opposed to trading on speculation.
Such sizable institutional inflows are uncommon without internal projections or insights. The accumulation may be tied to growing interest in Ethereum ETFs, developments in Layer 2 scaling technologies, or Ethereum’s expanding role in restaking and modular blockchain frameworks.
Additionally, increased buying from new wallet addresses—many assumed to be institutional—suggests that ETH’s current level is viewed as a strategic entry point. This development is likely contributing to market momentum, with whales positioning ahead of anticipated events in Ethereum’s roadmap.
Path to $4,000 Now Depends on Weekly Close and Confirmation
With ETH hovering near the cloud top, the next few days are critical for confirming a breakout. Should the current weekly candle close above the cloud, Ethereum would meet one of the strongest Ichimoku breakout conditions. Moreover, if the Lagging Span clears the Tenkan-sen, it would complete the bullish structure and likely trigger increased buying.
Next target is the psychological resistance at $4,000, which Ethereum seems like it could start approaching quickly if confirmations hold. Quiet accumulation by significant holders and bullish technicals set everything up for upside, if the volume continues to hold and with the technical levels following through.
The post ETH $4K Is Loading: Weekly Close Above Cloud May Trigger Fast Bullish Breakout appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.