Ethereum Price Prediction: ETH Chart Cup and Handle Pattern Forming, $4200 Target Expected in August

Ethereum weekly rise of 17% regains 3000 USD, Spot ETF funds become the key driving force In the past seven days, Ethereum has risen strongly by 17%, returning to the $3000 resistance area for the first time in months and reaching a daily high of $3065. This round of market movement is driven by huge fund inflows into the Spot Ethereum ETF (weekly net inflow reaching the third highest in history) and the ripple effect of Bitcoin hitting new highs, indicating that institutional funds are accelerating their layout in ETH.

Cup and handle pattern breakout established, technical target points directly to $4200 Renowned analyst @CryptosBatman pointed out on the X platform: Ethereum's daily chart has formed a classic "cup and handle pattern", this structure has been built since the beginning of March (bottom at 1400 dollars), and recently successfully broke through the 2850 dollars neckline. According to the pattern measurement target, ETH is expected to initiate a 45% rise towards 4200 dollars. Fundamental synchronous verification: ✅ Exchange reserves have fallen to the eight-year low (only 10.6 million ETH) ✅ On-chain selling pressure sharply reduced + whale holdings hit a new high ✅ Short-term yield rate surpasses Bitcoin for the first time. The technical analysis and on-chain data resonate, with analysts predicting that it is likely to break historical highs by the end of Q3.

Weekly replica of 42% rise structure, probability of reaching target in August surges Technical trader CryptoBullet's weekly analysis reveals a key pattern: the current ETH has broken through the green weekly candlestick at the $2850 supply zone, which is highly similar to the structure in February-March 2024—at that time, this pattern triggered a 42% rise ($2900 to $4100). If history repeats itself: ⏰ The next 3-4 weeks may see a 42% rise again 🎯 Target price of 4200 USD reached in August 2025 Key support confirmation: The previous resistance level of $2800 has transformed into strong support, effectively defending against a price drop below the 2850-2900 range.

Real-time Market Trends and Key Resistance Monitoring As of the time of writing, the Ethereum trading price is 2980 USD. Short-term attention should be paid to: 🔺 Breakthrough of the psychological barrier of 3000-3100 US dollars 🔻 Strong support at the neckline of the 2850 USD pattern. If the weekly close stabilizes above $3000, it will open the channel for the attack on the historical high of $4670, and the price trend of Ethereum may enter a new acceleration phase.