Ethereum tracks global liquidity in a strong bull run, eyeing $6,800

Ethereum has moved from accumulation to a strong bull phase as global liquidity rises, signaling momentum toward higher price targets.

The $4,520 resistance acts as the key barrier, and a breakout above could push Ethereum beyond $4,800 as macro tailwinds strengthen.

Ethereum’s surge to $6,800 aligns with global liquidity climbing to $97 trillion, confirming the close link between money supply and price.

Ethereum’s market is entering a critical stage as prices move in tandem with global liquidity expansion. According to CryptoBusy on X, Ethereum has left its accumulation stage and now trades within a strong bull phase

The cryptocurrency currently tests resistance near $4,520, with projections aiming above $4,800 if momentum continues. This development comes as global liquidity rises, signaling favorable macroeconomic conditions

Ethereum Aligns with Global Liquidity

Ethereum began December 2024 trading near $1,430 while M2 Global liquidity hovered around $94.5 trillion. Both showed steady upward momentum in January as Ethereum climbed to $4,150 and liquidity touched $95.0 trillion. However, February introduced pressure as Ethereum corrected to $3,350 while liquidity stabilized near $94.8 trillion.

Source: CryptoBusy

March extended the correction with Ethereum falling toward $2,050 lows. Liquidity simultaneously dropped to 94.2 trillion, reflecting reduced market depth. April and May displayed consolidation. Ethereum traded between $1,700 and $2,450 while liquidity settled between $92.8 and $93.5 trillion.

Besides, this period shaped the accumulation base. Ethereum held $1,850 support levels while liquidity steadied at 93.0 trillion. Hence, conditions matured for the next bull cycle.

The Bull Run Breakout

Momentum shifted in July when Ethereum broke $2,750 resistance. Liquidity started rising from 93.2 trillion, confirming synchronized expansion. Consequently, Ethereum rallied quickly, reaching $4,550 in August while liquidity surged to 96.5 trillion.

Moreover, September extended the surge with Ethereum climbing toward $6,800. Liquidity moved higher, touching 97.0 trillion. This alignment confirmed the correlation between price action and global monetary supply. Additionally, the “We Are Here” marker identified current positioning inside the bull run phase.

CryptoBusy emphasized that “the $4,520 resistance is key, with a breakout targeting $4,800+ amid rising macro tailwinds.” Analysts highlight that Ethereum remains well above the green accumulation line set around $2,750.

Outlook for Q4 and Beyond

Ethereum now stands elevated compared to earlier stages, reflecting a matured bull trend. However, traders monitor support at $4,520 closely. Furthermore, seasonal Q4 history shows Ethereum often benefits from favorable liquidity expansions.

Consequently, if liquidity sustains upward momentum, Ethereum could continue advancing toward $6,800 and beyond. Moreover, strong macro conditions provide additional support for a prolonged bullish cycle.

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