Irresistible Ethereum Holds $3,900 Support With Bullish Target at $4,285

Key Insights:

• Ethereum trades above $3,900 support as bullish targets $4,285 amid strong technical breakout.
• $995M stablecoin inflow boosts Ethereum liquidity, signaling renewed investor confidence.
• Vitalik Buterin releases GKR tutorial, advancing Ethereum’s progress in zero-knowledge proof technologies.

Ethereum (ETH) is maintaining strong price levels above the $3,900 support area. The recent breakout above a key bullish flag pattern has drawn attention, as traders are now watching for further upward movement.

Ethereum Maintains Bullish Momentum

Ethereum continues to show strength as it trades above the key $3,900 support level. The cryptocurrency has gained 4.52% in the last 24 hours, reaching $4,038.58, with trading volume at $39.5 billion. Market analysts suggest that Ethereum’s price structure remains positive while it holds above the breakout zone.

According to a market update, Ethereum recently broke out of a bullish flag pattern, confirming potential for further upward movement. Based on market analysis, as long as ETH stays above the breakout zone, the next target levels are $4,125 and $4,285. If Ethereum fails to hold above this area, analysts expect a short pullback before another rise.

Rising On-Chain Liquidity Signals Strong Market Interest

Moreover, Merlijn The Trader reported large inflows into Ethereum-related stablecoins, suggesting renewed confidence among investors. As per Merlijn $ETH stablecoin supply saw a $995 million inflow in the last 24 hours. He added that when liquidity flows to Ethereum, markets follow, suggesting stronger trading activity could continue.

This increase in liquidity often signals growing participation and market depth, supporting the ongoing upward trend. The inflow data reflects that more traders are moving funds into Ethereum, possibly preparing for future price action above $4,000.

Vitalik Buterin Publishes New GKR Tutorial

In a separate development, Ethereum co-founder Vitalik Buterin released a new tutorial on the GKR proving system. The post explores the GKR cryptographic proving system used in ultra-fast zero-knowledge (ZK) proofs. The tutorial focuses on efficient verification of Poseidon hashes, which are used in ZK-proofs and blockchain scalability research.

The tutorial also connects to ongoing work on ZK-EVMs and machine learning proofs, showing Ethereum’s continued innovation in cryptographic systems. The new technical release may encourage developers to explore more scalable and secure proof mechanisms on the network. Market sentiment around Ethereum remains optimistic while it trades above the $3,900 support.