Crypto analyst Rekt Capital noted that Ethereum is struggling to overcome the psychological resistance at $4,000.$ETH

“Ethereum is still struggling to break through the psychological resistance at $4,000,” the analyst wrote in a market report on Dec. 20. Ether has surpassed $4,000 several times in the past 30 days, reaching as high as $4,077 on Dec. 6, but has failed to hold that level, according to CoinMarketCap data.

$3,000 Psychological Support Level
Rekt Capital stated that the $3,000 level has now become an important "psychological support" level for Ethereum. Ether last approached this level on November 9. Previously, the ETH price had been below $3,000 since the beginning of August. The analyst expects Ethereum to consolidate in the $3,000-$4,000 range in the short term. However, he also draws attention to the possibility that it could fall to $3,000 with a decrease of more than 10 percent from the current $3,466 level.

“If ETH can bottom around $3,000, this could lead to the formation of the right shoulder of the inverse head and shoulders pattern,” Rekt Capital said. This pattern usually signals a reversal of trend.


Some analysts believe that Ethereum’s low supply levels on exchanges and increased investment inflows into spot Ether exchange-traded funds (ETFs) could have a positive impact on the price. According to on-chain analytics firm CryptoQuant, the ETH balance on exchanges has fallen to 9.2 million ETH, an 8.5-year low, representing a decrease of nearly 10% in the past year.

Additionally, investments in spot Ether ETFs are expected to continue to grow through 2025. Spot Ether ETFs, which were launched in the US in July, have raised around $2.43 billion to date. Analysts expect Ether ETFs to perform even stronger if regulators allow these funds to generate returns through staking.

2025 Forecast: $6,000 Level
Asset manager VanEck predicts that Ethereum’s spot price could reach $6,000 by the fourth quarter of 2025. Following the launch of spot Ether ETFs in July, Ether was expected to experience a similar rally to Bitcoin. However, weak initial inflows appear to have reduced the likelihood of Ether reaching its historic high of $5,000 by the end of the year.