Ethereum, that stubborn little coin, has smacked against the same forbidding ceiling — no doubt annoyed, yet still resilient. This is the fourth time, and while the crowd wails about doom, Mike Novogratz, a man of considerable wealth and less common sense, remains oddly optimistic. He’s not eager to see ETH plunge into the abyss just yet. No, he suggests, with all the gravitas of a man who’s seen too many charts, that perhaps Ethereum is merely sharpening its claws, ready for a breakout that may catapult it past $4,000 before the oddly romantic year 2025 is done. 
The moment has attracted the chatterers, who now call it a “quadruple top”—a phrase that sounds like a bad sequel. It’s supposed to be bearish, a textbook dance of rejection and decline. But, as with so many rules in this circus, the fourth tap does not always follow the script. It’s easy to mistake fatigue for a final gasp; sometimes, just sometimes, a resistance that seems immovable shudders and gives way, turning the whole game on its head. 
I’ve been trading long enough to know that the “quadruple top” isn’t necessarily a death sentence. Usually we take a breath, then push higher. 3k-4k? That’s just a cozy little range for now. And my gut, which is often wrong, says we’ll blow past 4,000—not crawl there like some faint-hearted gambler.
— Mike Novogratz (@novogratz), August 1, 2025
At this very moment, ETH lounges between $3,200 and $4,000, not quite at its zenith but certainly not crawling in the dust either. It’s been absorbing sellers like a sponge—each bounce back to the top sees it climb higher, with the lows steadily rising. A sort of slow dance of resilience, if you will. 
Novogratz, ever the prophet with a flair for understatement, hints that Ethereum might be tightening up—getting ready for some fireworks. When the price finally forges above $4,000, don’t be surprised; it’s becoming the new floor, not the ceiling. 
This market, in its perpetual adolescence, is still deciding what story to tell next. But one thing’s certain: unless $4,000 becomes a bedrock of support, ETH will keep flirting with headlines, pulling surprises out of its digital hat. And maybe, just maybe, the gods of crypto are playing the long game—waiting for that moment when resistance turns to support, and everyone’s left blinking in disbelief. 🌝✨
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2025-08-01 19:04