Ethereum is flashing signs of an aggressive upside move, with well-known crypto analyst Kaleo (@CryptoKaleo) forecasting what he described as a \u201cGod candle\u201d that could propel ETH beyond the $4,000 mark within days. In a post on X, Kaleo wrote: \u201cGod candle to $4K+ this week\u2026 honestly though I wouldn\u2019t be surprised if we see something like this play out after today\u2019s news. Don\u2019t let them shake you out if it happens anon. up only soon.\u201d<\/p>\n
In Kaleo\u2019s chart, the Ether\u2013USDT 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.<\/p>\n
The pattern briefly failed in mid-June, when price sliced through support and bottomed near $2,100\u2014an episode Kaleo tags \u201cBreakdown.\u201d Three week later the market closed decisively back above that very line, an event he annotates \u201cReclaim,\u201d converting former support turned resistance back into a springboard.<\/p>\n
Candles since the reclaim have marched steadily higher, compressing volatility against the wedge\u2019s 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\u2014labelled \u201cSend\u201d\u2014plots a near-vertical advance<\/a> that crests just above $4,000.<\/p>\n 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\u2019s target.<\/p>\n Also importantly, price has reclaimed the psychological $3,000 handle<\/a> on convincing momentum, turning what had been the midpoint of the range into fresh support. Intermediate friction zones appear near $3,344\u2013the 0.618 Fibonacci retracement also known as the \u201cgolden pocket\u2013 but the projection assumes these levels will offer little resistance should a \u201cgod candle\u201d materialise.<\/p>\n Kaleo\u2019s prediction comes on the heels of a broader risk\u2011on 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\u202fThiel<\/a>\u2019s Founders Fund accumulated a 9.1\u202fpercent stake in Bitmine \u202fImmersion\u202f Technologies, the Tom\u202fLee\u2011chaired public company that has stockpiled more than 163,000\u202fETH\u2014roughly half a billion dollars\u2019 worth\u2014as part of an aggressive Ethereum\u2011treasury strategy<\/a>.<\/p>\n The twin tailwinds of macro\u2011driven liquidity and high\u2011profile venture endorsement reinforce Kaleo\u2019s thesis that a \u201cgod candle\u201d toward the $4,000 mark could ignite before the week draws to a close.<\/p>\n At press time, ETH traded at $3,225.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum is flashing signs of an aggressive upside move, with well-known crypto analyst Kaleo (@CryptoKaleo) forecasting what he described as a \u201cGod candle\u201d that could propel ETH beyond the $4,000 mark within days. In a post on X, Kaleo wrote: \u201cGod candle to $4K+ this week\u2026 honestly though I wouldn\u2019t be surprised if we see […]<\/p>\n","protected":false},"author":0,"featured_media":81469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81468"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81468"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/81469"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}