Ethereum News Today: Ethereum Holds Above $3,500 With Bullish Breakout Potential to $6,800–$9,000

Ethereum’s price has held above the critical $3,500 level, signaling potential for a breakout toward $6,800 to $9,000, according to recent analysis [1]. This pattern closely resembles movements observed in July 2025, where Ethereum executed a vertical rally following similar price structures. Traders and analysts are now watching for further confirmation of a sustained upward trend [1].

Technical indicators suggest that Ethereum has formed a higher low near $3,500, a key level that validates the bullish structure [1]. Additionally, a recent mini flag breakout supports the continuation of the upward trend, with some analysts projecting a move toward $4,000 [1]. Merlijn The Trader noted that Ethereum has executed both a bull trap and a bear trap in recent weeks, with the price rebounding strongly after dipping below the $3,400 support level. Such patterns are often precursors to significant price movements [1].

Institutional interest in Ethereum has been growing, with notable ETH transfers indicating increased confidence among major players. Whale Alert reported large ETH transfers totaling over $188 million, including a significant acquisition of 23,874 ETH by BlackRock, valued at $88.8 million [1]. These movements highlight rising institutional participation and suggest a potential shift in market dynamics.

Moreover, Ethereum’s social dominance has reached 11.41%, according to CoinMarketCap, indicating increased attention and engagement during a period of consolidation [1]. Analyst Gert van Lagen identified a falling wedge pattern, which could signal a 79% potential rally from current levels, projecting a price range of $6,800 to $9,000 in the medium term [1].

The U.S. Securities and Exchange Commission’s (SEC) recent stance on liquid staking has also reduced some regulatory uncertainty, potentially encouraging further bullish momentum. AshCrypto noted that Ethereum is breaking out of a bullish wedge, with key resistance at $4,100 and support at $3,550 [1]. If Ethereum continues to hold above $3,500, the market may soon see a new wave of upward movement [1].

Overall, the combination of strong technical indicators, institutional buying, and favorable market sentiment positions Ethereum for a potential breakout. Traders and investors are closely monitoring the $3,500 level as a key support area, with further price confirmation expected to determine the next significant phase of Ethereum’s movement [1].

Source: [1] Ethereum’s Price Holds Above $3,500, Suggesting Potential Breakout Toward $6,800 to $9,000 [https://en.coinotag.com/ethereums-price-holds-above-3500-suggesting-potential-breakout-toward-6800-to-9000/]