Ethereum is testing a macro triangle breakout at $3,500, with long-term upside targeting the $12,000 range.
Over $583.8M in stablecoin inflows hit Ethereum in 24H, reinforcing its lead as crypto’s top liquidity layer.
Ethereum’s monthly chart shows rising volume and structure, with bulls eyeing a confirmed breakout above resistance.
Ethereum is testing major resistance, with momentum and capital flows building toward a possible breakout. At the same time, stablecoin inflows are soaring, cementing Ethereum’s lead as the top settlement layer in crypto.
Multi-Year Breakout Structure Targets $12,000
Ethereum is currently testing the upper boundary of a symmetrical triangle that has been building since 2021. This compression pattern shows rising support and declining resistance, with the structure now reaching a breakout point.
Market analyst Captain Faibik noted that Ethereum is approaching a monthly close above $3,500-an event that would confirm a long-awaited breakout from this macro triangle. He added that this would represent Ethereum’s first breakout from a multi-year consolidation in over three years. According to Faibik, the technical target based on this structure sits near $12,000.
Source: (X)
Momentum has been strengthening on the higher timeframe, with candle closes rising and volume returning. From this stage of the setup, Ethereum has the technical foundation for a long-term bullish expansion. Faibik emphasized that the base support remains near $2,000, where buyers repeatedly defended downside moves. If Ethereum confirms above $3,500, the breakout could mark the start of a major cycle shift.
On-Chain Capital Flows Back Ethereum’s Momentum
In parallel with this chart structure, Ethereum has seen $583.8 million in stablecoin inflows within 24 hours. Artemis data shows Ethereum leading by a wide margin, with Solana, Tron, and BNB Chain far behind.
This inflow spike signals renewed investor confidence, particularly from larger participants seeking on-chain liquidity and stable settlements. Ethereum’s dominance is not just visual—it reflects massive trust in its infrastructure.
https://twitter.com/TedPillows/status/1944332976885809603
Moreover, analyst Ted Pillows notes that Ethereum’s capital intake dwarfs the entire layer-1 landscape combined. He explains that such flows often precede deeper accumulation phases, particularly when technical setups align with volume signals.
With Ethereum pushing toward its breakout level while attracting the most capital in the space, traders are watching closely. Will the chart hold through July and confirm the $3,500 flip into support? If so, Ethereum may lead the next macro altcoin wave.
Ethereum now holds structural, volume-based, and market leadership advantages. The next move could determine how this cycle unfolds
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