Ethereum breakout targets $16K if bullish momentum holds through resistance.
$3,500–$3,000 range remains a strong demand zone for re-entries.
Whale trade loss shows dangers of emotional moves in volatile markets.
Ethereum has broken out of a multi-year ascending triangle pattern, holding above the crucial $4,000 support. Analysts say the move signals the start of a potential long-term rally.
Crypto analyst Crypto Patel reported that Ethereum’s breakout from the triangle pattern has a measured move target near $16,000. The $3,500–$3,000 range is seen as a key demand zone, offering re-entry points if pullbacks occur.
$ETH just broke out of a multi-year ascending triangle after holding $4K as support.
Measured move from this pattern points to $16K if momentum holds.
$3500-$3000 now key demand zone: Pullbacks here = re-entry opportunities.
Hope you enjoyed our early entry wall on Ethereum,… https://t.co/ujN0h2PBVt pic.twitter.com/eblVPCpPUt
— Crypto Patel (@CryptoPatel) August 10, 2025
Patel noted that ETH confirmed a monthly hammer candle in May 2025, a signal historically linked to major rallies. Previous similar setups produced gains between 3x and 59x.
Volume has been strong, supporting the bullish case. The current breakout represents over 300% gains from earlier entry levels.
Analysts say this technical setup positions ETH for possible historic highs if momentum continues. Price is now trading above $4,200, consolidating gains near short-term resistance.
Whale Activity Highlights Market Risks
Meanwhile, a large Ethereum whale sold $19.81 million worth of ETH during a sharp intraday drop. The funds were moved to OKX deposits, suggesting an exchange sale.
This whale panic sold $19,810,000 $ETH after the drop.
Yesterday, he bought back $12,580,000 #Ethereum after the bounce.
Sold the bottom.
Bought the bounce.
Masterclass in how to turn $19.8M into $12.58M… and a life lesson in patience. pic.twitter.com/IEnln9R17c
— cryptothedoggy (@cryptothedoggy) August 10, 2025
The same investor bought back $12.58 million in ETH the following day after prices rebounded. This sequence resulted in selling at a local bottom and buying back at a higher price, locking in losses.
Analysts said the trade underscored the risks of emotional decision-making in volatile markets. Large capital positions do not guarantee better timing, and even experienced traders can face costly errors.
Current Price Action and Key Levels
At the time of writing, Ethereum is priced at $4,224.50, up 0.7% in the last 24 hours. Key support sits at $4,167, with immediate resistance near $4,300.
Traders are watching to see if ETH can break above $4,300 to extend gains. Analysts emphasize that the $3,500–$3,000 demand zone remains an important area for potential accumulation if retracements occur.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
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