Ethereum News Today: Ethereum Nears Major Breakout Point With 50.51% Gain

Ethereum, the second-largest cryptocurrency by market capitalization, is currently approaching a critical breakout point, according to an analyst. The analyst suggests that the price of Ethereum is nearing a significant resistance level, and a clear breakout and hold above the $367-$381 zone could confirm a trend reversal. This breakout could potentially open the door toward the $440-$500 range, indicating a bullish outlook for the cryptocurrency.

The analyst's prediction is based on the current price action of Ethereum, which is testing a critical local resistance level. If the momentum persists, Ethereum could experience a significant price increase, according to the analyst. The analyst also notes that the daily average is bullish, further supporting the potential for a breakout.

The analyst's prediction is in line with the current market sentiment, which is bullish for Ethereum. The Ethereum Fear and Greed Index, which studies the price trend to determine if the market has a bearish or bullish trend, is currently indicating a bullish trend. This suggests that the market is optimistic about the potential for a price increase in Ethereum.

The analyst's prediction is also supported by the current price action of Ethereum, which is testing key support levels. If the price of Ethereum is able to hold above these support levels, it could indicate a potential breakout past the critical resistance level. The analyst notes that the price is currently testing key support, and a breakout past this level could signal a significant price increase.

Ethereum is edging closer to a major technical breakout, with an analyst pointing to a long forming bullish pattern that is now nearing maturity. A key monthly setup has developed since late 2018, an ascending triangle bounded by rising support and a flat $4,000 resistance line. Price rejections near this level occurred in 2021, 2022, and 2024. However, the recent July 2025 candle posted a 50.51% gain, closing near $3,746.90 and pushing ETH closer to the triangle apex.

The ascending triangle pattern is defined by two major technical features. The horizontal resistance at around $4,000 shows repeated seller pressure, while the diagonal support traces higher lows from approximately $90 in 2018 to $2,800 in mid 2025. This tightening range suggests mounting bullish pressure. ETH has consolidated in this zone for over four years. In July 2025, a sharp monthly surge brought it closer to the breakout point, forming a possible launch zone for a larger move.

If ETH breaks and closes above the $4,000 resistance line, the projected upside based on the triangle height is roughly $8,000. This aligns with standard technical measurements for ascending triangle patterns. The $4,000 resistance zone overlaps with two other bullish indicators from high timeframes. Ethereum continues to respect a long term ascending channel that began forming in 2020. ETH now trades near the channel’s lower support, a level where strong rebounds have previously occurred.

In addition, the weekly chart shows another ascending triangle that has developed since 2020. This secondary pattern supports the bullish continuation thesis, adding similar outlook to the existing breakout expectation above $4,000. Also important is Ethereum’s proximity to its 200 week EMA, a historically strong support level. The last two times ETH dropped below it were during the 2020 crash and the 2022 bear phase. It rebounded strongly after both instances. As of February 2025, ETH was only 18% above this moving average.

The $4,000 region holds substantial market liquidity. This liquidity cluster, together with the long term triangle and channel structures, suggests a strong technical alignment zone. ETF inflows and on-chain withdrawals indicate institutional interest has been building, despite retail disinterest and widespread negative sentiment. Historical patterns show ETH typically reverses near major support zones, especially when retail attention is low. Ethereum’s present price structure is at a decisive zone. If key levels hold and momentum sustains, technical projections suggest an extended upside phase toward $6,000 to $8,000.

On-chain data shows institutional interest rising despite low retail sentiment, supporting a $6K–$8K target. The analyst's prediction is based on technical analysis, which involves studying the price action of a cryptocurrency to identify potential trends and patterns. The analyst's prediction is not a guarantee of future performance, and investors should conduct their own research before making any investment decisions. However, the analyst's prediction is based on a thorough analysis of the current market conditions and price action of Ethereum, and it provides a bullish outlook for the cryptocurrency.