Ethereum nears key breakout above $2,575 as technicals and a delayed U.S. tariff decision spark bullish momentum in crypto markets.
ETH and COIN charts show strong historical correlation, and Coinbase’s recent rebound may trigger a powerful sympathy rally in Ethereum.
A weekly 15–20 percent ETH surge is likely if momentum holds, with traders eyeing a potential breakout toward the $3,500 short-term target.
Ethereum is on the brink of a major breakout as technical signals align with positive market sentiment. The asset currently trades at $2,517, and analysts expect a upside move. One bullish catalyst is the delayed U.S. tariff decision, now set for August 1. This postponement could provide breathing room for risk assets like ETH and COIN.
The current market setup mirrors the rally seen in May 2025. Back then, Ethereum posted a massive green candle following weeks of tight consolidation. Many traders believe a similar move is brewing again. Besides, Coinbase’s recovery from its lows could trigger a sympathy rally in Ethereum. Both assets show strong historical correlation during volatile cycles.
Ethereum Chart Structure Signals Possible Explosion
Ethereum has formed a visible downtrend since its peak near $4,200. A yellow trendline connects major highs, defining its falling channel. The asset touched a bottom below $1,300 before gradually recovering. Several consolidation zones have formed along the way, marked by green boxes. These suggest accumulation phases rather than distribution.
Ethereum is showing signs of strength as it approaches a key resistance near $2,575. If it closes above this level, traders may flip bullish. According to multiple analysts, this could lead to a quick push toward $3,500. Moreover, with a low-volatility backdrop and building momentum, a 15%–20% weekly candle is not off the table.
Coinbase Price Action Reflects Similar Setup
Coinbase (COIN) has also exhibited a long-term downtrend. After peaking around $395, the stock dropped below $200 during a heavy selloff. It then rebounded toward $355, respecting the same technical resistance trendline as ETH. This behavior strengthens the case for correlation-driven rallies across crypto-linked assets.
Additionally, COIN’s bounce has gained traction with traders eyeing a recovery to $400 if broader markets remain supportive. Consequently, Ethereum could follow the lead with a breakout of its own.
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