Ethereum’s Possible Next Boost: $5,210 or $6,946?

Ethereum recently gained almost 20% over the past week, reclaiming the $4,200 level after a long stretch. Analyst Chayanika Deka notes that long-term holders are shifting from a phase of “capitulation” to one of “belief,” suggesting renewed confidence. If sentiment holds, ETH might attempt resistance levels near $5,210, with stronger rallies pushing toward $6,946. The rally is supported by record-breaking smart contract activity following the 2025 Pectra upgrade.

Aug 13, 2025 - 11:22
Ethereum’s Possible Next Boost: $5,210 or $6,946?

Why It Matters Globally:
As Ethereum’s fundamentals improve and on-chain developer activity surges, its appeal to institutions, developers, and global markets could quickly accelerate—particularly if price momentum aligns.

Coinccino Insight:

“When holders shift from giving up to holding strong, it creates a different supply dynamic. Ethereum may be gearing up for sustained upside, but global macro and on-chain factors will likely determine the true breakout level.”