Ethereum Eyes $4K by Q3 as Bullish Divergence and Whale Buys Align

Ethereum targets $4K by Q3 after bullish divergence and breakout from higher low.

Whale wallets rise 15% as ETH trading volume hits $2.3B and price nears $3,300 resistance.

ETH leads altcoin momentum with RSI at 62 and strong performance above key moving averages.

Three weeks ago, Ethereum (ETH) printed a daily bullish divergence, signaling a potential reversal. Since then, a higher low has formed, followed by a sharp breakout. The trend switch is now visible on the charts, and analysts suggest this move could lead to more upside, especially as several altcoins are forming weekly divergences.

Reversal Structure Validated as Ethereum Targets $4,000 by Q3

According to analysis prepared by Ted Pillows on X, the drop below $1,400 earlier this year marked a Wyckoff-style capitulation. He stated, “ETH reversal has started,” and projected that Ethereum could reach $4,000 by Q3

Source :Ted Pillows(X)

This call aligns with Ethereum’s current price movement, which has climbed to around $3,150 as of May 11, 2025. Crypto Rover also shared similar views, noting that Ethereum's price action closely mirrors past breakout cycles

Source :Crypto Rover(X)

On-chain data from Glassnode shows a 15% increase in large ETH wallets, indicating whale accumulation. Meanwhile, ETH/USDT trading volume rose 18% in 24 hours, reaching $2.3 billion. Ethereum is now testing resistance near $3,300, a level that has historically triggered short-term pullbacks.

Momentum Builds as Divergences Form Across Altcoins

The bullish divergence observed on Ethereum’s daily chart is not isolated. Analysts tracking other altcoins have reported weekly divergences forming across the market. This pattern suggests broader momentum may be shifting toward altcoins

ETH/BTC has also climbed to 0.0502, reflecting Ethereum’s outperformance relative to Bitcoin. Technical indicators remain supportive. RSI stands near 62, with room for further movement before entering overbought territory

Ethereum trades above its 50-day and 200-day moving averages, adding strength to the breakout confirmation. According to DefiLlama, Ethereum still leads in total value locked, stablecoins, and tokenized assets, reinforcing its dominant position in the broader crypto ecosystem.

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