- Ethereum has broken out above $3,760, suggesting a bullish continuation toward $3,950–$4,100 and possibly $4,120.
- August seasonality supports ETH strength, with historical post halving gains averaging 64.2%, hinting at a $6K target.
- DeFiance Capital $114M ETH purchase adds institutional weight to the bullish breakout and growing market optimism.
Ethereum has broken above a months long consolidation range, supporting speculation of a bullish continuation toward $4,000 and beyond. Price has been trapped inside a symmetrical triangle, marked by lower highs from $4,120 and higher lows from $3,455.
This triangle pattern has consistently shown indecision in the market, with neither buyers nor sellers taking full control. However, recent developments show Ethereum pushing past the upper boundary near $3,760, suggesting growing bullish strength.
Breakout Pushes Ethereum Toward $4K Zone
The recent breakout occurred just above the $3,780–$3,800 range, after Ethereum climbed past the triangle’s upper resistance line. This movement was followed by a series of strong green candles, which confirms increasing buyer demand.
The support trendline at $3,455 continues to hold firm, and the pre breakout resistance level of $3,760 now acts as immediate support. Ethereum’s new target zone is between $3,950 and $4,100, with price movement showing upward movement.
If the breakout sustains momentum, the next area of interest is the previous peak around $4,120. However, a failure to remain above $3,780 could create uncertainty and prompt short term caution among traders.
Historical Data Points to Bullish August
According to trader Crypto Rover, Ethereum historically performs well in August during post halving years. The average return for Ethereum in these months has been 64.2%, providing a statistical base for near term optimism. If that pattern repeats, Ethereum could trade close to $6,000 by the end of August.
The timing of the current breakout aligns with this seasonal trend, adding further attention to Ethereum increase this month. Price activity, combined with historical performance, now shapes expectations for a strong August trading.
Large Scale ETH Accumulation Adds Weight
DeFiance Capital recently acquired $114 million worth of Ethereum. This aligns with the broader market narrative that institutional investors are entering the market. The total value of the purchase shows growing confidence among large holders.
Several traders on X claim that “smart money” sees Ethereum climbing toward $10,000 in the mid term. These claims have surfaced as price strengthens, supporting bullish perspectives from the recent breakout.
Ethereum Pushes Toward New Highs Amid Strong Demand
Ethereum’s symmetrical triangle breakout, seasonal trends, and institutional accumulation show renewed momentum. Price levels near $3,950 to $4,100 now act as key resistance.
Meanwhile, strong historical performance in August, backed by large scale ETH buying, adds further pressure on the upside. With several factors converging, Ethereum has entered a phase marked by increased attention and rising expectations.
