Ethereum is nearing a key technical level as investor Tom Lee points to a possible breakout above the daily Ichimoku Cloud.
Lee shared the analysis on Aug. 17, showing Ether about 3.5% below the cloud. The indicator has capped ETH since Oct. 9, 2025. A move above it could signal stronger momentum.
ETH Faces a Technical Turning Point
The daily Ichimoku Cloud helps traders gauge price momentum. Moving above the cloud is generally seen as a sign that buyers are gaining control, although stronger buying activity would be needed to confirm the move.
Related: 24 Hour Crypto Recap: Here’s What Happened in the Market
Traders are also watching institutional inflows, network activity and expectations for easier liquidity. These factors could determine whether Ether holds above the cloud after a breakout.
Lee kept his reaction brief, saying, “Would be good to see.”
DonAlt Keeps His Target Cautious
Trader DonAlt has floated a $10,000 Ethereum target but said he would likely take profits before reaching it.
He opened a long position near $1,900 on Aug. 13 despite Ether trading in a consolidation range.
“I am less comfortable having no position than having one at a less-than-optimal price,” he said.
DonAlt said he could add to the position if Ether falls toward $1,700, giving him another entry point at a lower price.
Related: Ethereum UTXO Proposal Could Cut Permanent State Usage by 99.8%
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