Ethereum News Today: Ethereum Breaks Four-Year Triangle Holds $3,500–$3,600 Support Suggests $12,300 Upside

Ethereum has confirmed a bullish breakout from a four-year triangle pattern, maintaining critical support between $3,500 and $3,600. This technical development, reinforced by rising On-Balance Volume (OBV) and intact chart formations, suggests a potential price target of $12,300 if the current support level holds [1]. The asset’s recent price action has validated a long-term structural shift, with analysts emphasizing the importance of sustained buying pressure and volume trends in maintaining the bullish trajectory.

The OBV indicator has shown consistent accumulation despite recent minor pullbacks, signaling strong market participation. This upward trend in OBV, combined with increased volume during key breakout moments, underscores the validity of Ethereum’s rally. Analysts note that the indicator remains in a “breakout mode,” which aligns with classical technical analysis principles for sustaining upward momentum [1]. Additionally, Ethereum’s price has held above the $3,600 threshold, reinforcing the likelihood of continued gains as the asset moves toward its next resistance level at $4,000 [1].

Ethereum’s bullish structure is further supported by the presence of a falling wedge and a bull flag pattern, both of which indicate continuation rather than reversal. The falling wedge, confirmed earlier this year, has provided a framework for upward momentum, while the bull flag suggests traders are accumulating positions ahead of a potential breakout. Analysts have identified $3,750 as a conservative profit-taking zone, offering a cautious entry or exit point for traders [1]. The integrity of these patterns hinges on Ethereum maintaining support above $3,500–$3,600, a level that, if breached, could trigger a retest of lower supports near $3,250.

The projected $12,300 target is derived from classical charting techniques, calculated by adding the height of the four-year triangle pattern to the breakout level. This method, rooted in technical analysis, has historically provided reliable projections for assets exhibiting similar structures. COINOTAG analysts emphasize that the validity of this target depends on Ethereum’s ability to sustain above the key support zone and confirm further bullish signals through volume and price action [1]. The path to this target remains contingent on maintaining the current trend, with $4,000 serving as an intermediate milestone.

Volume and OBV trends remain critical metrics for monitoring Ethereum’s momentum. Analysts highlight that the absence of divergence between price and volume supports the strength of the bullish case. A decline in buying activity or a sharp drop in volume could invalidate the breakout scenario, signaling a shift in market sentiment. However, as of now, the data aligns with a continuation of the upward trajectory, with no significant signs of exhaustion [1].

The confirmed breakout from a multi-year triangle pattern marks a pivotal development for Ethereum. Technical indicators, chart patterns, and volume trends collectively reinforce the asset’s positive outlook. While risks remain, particularly if support below $3,500–$3,600 is tested, the current structure supports a long-term bullish scenario. Investors and traders are advised to closely monitor volume behavior and key resistance levels as Ethereum progresses toward its projected target of $12,300 [1].

Source: [1] [Ethereum Holds Key Support as Four-Year Triangle Breakout Suggests Potential Upside Toward $12,300 July 26, 2025] [https://en.coinotag.com/ethereum-holds-key-support-as-four-year-triangle-breakout-suggests-potential-upside-toward-12300/]