- Ethereum is consolidating below $2,700, forming an ascending triangle with breakout potential.
- ETH ETFs saw $285M inflows, signaling rising investor interest and support for upward momentum.
- A breakout above $2,850 could trigger a rally toward $4,500, similar to Bitcoin’s 2020 price pattern.
Ethereum is consolidating beneath key resistance levels after reclaiming momentum in early May. With strong ETF inflows, technical formations, and long-term comparisons to Bitcoin’s 2020 trend, analysts suggest that a breakout above $2,700 could trigger a sharp rally, possibly sending ETH toward $4,500 during summer 2025.
Price Compression Signals Breakout Potential
According to an observation by Bitcoinsensus, Ethereum has been coiling beneath the $2,700 resistance zone for more than three weeks. The Relative Strength Index (RSI) is pressing against a trendline with multiple rejection points, suggesting increasing pressure for a breakout.
ETH is currently trading at $2,625.77, having gained 44% over the past month. An ascending triangle is forming on the daily chart, with support near $2,475 and resistance near $2,700.
Analysts note that a 15% move could follow a breakout above this range. Crypto Bullet added that both ETH/USD and ETH/BTC pairs are nearing upper trendline boundaries, which may coincide with a broader market shift if sustained.
ETF Inflows and On-Chain Structure Support Higher Targets
Sosovalue data shows Ethereum ETFs saw $285.84 million in inflows for the week ending May 30, surpassing Bitcoin ETFs, which saw outflows of $157.40 million. This marks the strongest ETF inflow streak for ETH since December 2024, showing rising investor demand.
Rananjay Singh commented that Ethereum is “facing a big test” as previous support levels now act as resistance. He explained that “what happens around those white dotted lines will decide the next move.”
A break above the $2,680–$2,850 resistance zone may set the stage for a rally toward $3,500, with potential to reach $4,500 if momentum continues. Ethereum’s recent price behavior mirrors BTC’s performance in early 2020. Traders now await confirmation, as patience may reward long-term holders in the months ahead.
