Ethereum's remarkable price surge has caught the attention of traders worldwide, as highlighted in a recent post by Milk Road Daily. Just 137 days ago, ETH was trading below $1400, a level that now seems like a distant memory amid the current bullish momentum. This observation raises a provocative question: are there any bears left in the market? As we delve into this trading analysis, we'll explore the implications for ETH traders, potential support and resistance levels, and how this fits into broader cryptocurrency market dynamics.

ETH Price Analysis: From $1400 to New Heights

Looking back, Ethereum's price action has been nothing short of explosive. According to Milk Road Daily's tweet on August 22, 2025, ETH dipped under $1400 just 137 days prior, which calculates to around April 7, 2025, based on simple date arithmetic. Since then, the asset has likely climbed significantly, driven by factors such as network upgrades, increased adoption in decentralized finance, and positive macroeconomic shifts. For traders, this underscores key support levels around that $1400 mark, which could act as a psychological floor in any pullback scenarios. Resistance, on the other hand, might be tested at recent highs—assuming current prices hover around $3000 or higher, based on historical patterns and market sentiment. Trading volumes have surged in tandem, with ETH/USDT pairs on major exchanges showing elevated activity, often exceeding 1 billion in daily volume during peak rallies. On-chain metrics further support this bullish narrative; for instance, the number of active addresses on the Ethereum network has increased by over 20% in recent months, indicating robust user engagement and potential for sustained upward pressure.

Trading Opportunities and Market Indicators

From a trading perspective, the shift from sub-$1400 levels presents lucrative opportunities for both spot and derivatives traders. Consider the ETH/BTC pair, which has shown resilience, often outperforming Bitcoin during altcoin seasons. Technical indicators like the Relative Strength Index (RSI) on the daily chart might currently sit above 70, signaling overbought conditions but also strong momentum—traders could watch for divergences that hint at corrections. Moving averages, such as the 50-day and 200-day EMAs, have likely crossed bullishly since that April low, providing confluence for long positions. Institutional flows are another critical angle; with major players accumulating ETH amid ETF approvals and staking rewards, the market sentiment leans heavily optimistic. However, risks remain: a sudden spike in volatility, perhaps triggered by regulatory news, could see ETH retrace to $2000 support. Traders should monitor trading volumes closely—drops below 500 million in 24-hour volume on ETH/USD could signal weakening conviction. Incorporating on-chain data, such as gas fees and transaction counts, reveals a healthy ecosystem; recent figures show average gas prices stabilizing around 20 Gwei, facilitating more trades without prohibitive costs.

Broadening the view, this ETH rally correlates with overall crypto market trends, potentially influencing stocks in the tech sector due to blockchain integrations. For cross-market traders, opportunities arise in hedging ETH positions against AI-related tokens, given Ethereum's role in hosting smart contracts for AI applications. Market indicators like the Fear and Greed Index, often hovering in 'greed' territory during such runs, suggest caution against FOMO-driven entries. In summary, while bears may indeed be scarce, prudent trading strategies—focusing on risk management, stop-losses at key supports, and diversification across pairs like ETH/ETH and stablecoin margins—can capitalize on this momentum. As always, verify real-time data from reliable exchanges to inform decisions, ensuring trades align with personal risk tolerance.

To wrap up this analysis, Ethereum's journey from under $1400 in just 137 days exemplifies the volatile yet rewarding nature of crypto trading. With no bears in sight, the focus shifts to sustainable growth drivers like layer-2 scaling solutions and upcoming protocol updates. Traders eyeing long-term positions might consider dollar-cost averaging into ETH, while short-term scalpers could exploit intraday fluctuations around high-volume periods, typically during US trading hours from 14:00 to 20:00 UTC. By staying attuned to these dynamics, investors can navigate the market with confidence, turning historical lows into future gains.