Ethereum could potentially rise to $4,000 this week, analysts predict that Ethereum is showing strong bullish signs. Renowned crypto assets analyst Kaleo (@CryptoKaleo) predicts what he calls the "God candle" (God candle) may push ETH to break through the $4,000 mark. In a post on X, Kaleo wrote: "The God candle will exceed $4,000 this week... but to be honest, I wouldn't be surprised if we see something similar happen after today's news. If that happens suddenly, don't let them shock you. It will happen soon." In Kaleo's chart, the Ether-USDT trading pair is depicted within a rising wedge pattern, with the upper boundary blocking all price rises for three months. This resistance line is currently near $3,000, while the lower boundary starts from nearly $1,450 in early April and accelerates to $2,600 by the end of June. Ethereum's breakout ignites hope of reaching $4,000. The model briefly failed in mid-June when the price broke through the support level and hit a low of nearly $2,100 - which Kaleo marked as the "crash" event. Three weeks later, the market clearly closed again on this line, which he annotated as the "reclaim" event, turning the previous support level into a resistance level and once again becoming a springboard. Since the recovery, the candlestick lines have continued to rise, with fluctuations compressing to the top of the wedge model, until early this week when the price broke through the resistance level of about $3,030. At the time of the screenshot, the currency pair was nearing $3,041, and a hand-drawn white projection - labeled as "send" - showed an almost vertical rise, reaching above $4,000. The height of the shape projection is calculated from the widest part of the wedge: the distance between the bottom in early May and the top in mid-May is just over $1,000; adding this range to the breakout point would result in a classic measured move target, just below $4,000, which aligns with Kaleo's target. Another important thing is that due to the strong rise, the price has returned to the psychological level of $3,000, turning the midpoint of the range into a new support level. The intermediate friction zone appears near $3,344 - the 0.618 Fibonacci retracement level, also known as the "golden pocket," but forecasts suggest that these levels will not provide much resistance if the "holy candle" occurs. Kaleo's prediction is made in the context of broader risk sentiment: Bitcoin is accelerating towards last week's record high of nearly $123,000 as investors welcome a more stable macro environment. For Ether, the excitement is intensified by the SEC's filing, which disclosed that Peter Thiel's Founders Fund has accumulated a 9.1% stake in Bitmine Immersion Technologies (a publicly traded company chaired by Tom Lee) and has stored over 163,000 Ether - worth about $500 million - as part of a strategy to actively invest in Ethereum. The dual boost of macro-driven liquidity and backing from large venture capital firms enhances Kaleo's view that before the end of this week, the "holy candle" towards the $4,000 mark could be ignited.