Ethereum is making its fourth attempt to breach the critical $4,000 level, currently trading at $3,696, with technical indicators suggesting potential upward momentum. Analysts highlight an inverse head-and-shoulders pattern and strong accumulation, particularly from BlackRock's ETF, which has surpassed 1 million ETH. A successful breakout above $4,150 could pave the way for targets as high as $8,047, supported by healthy trading volumes and a solid base above $3,600.