#ETHReclaims3800

Smart Money Eyes $10K ETH as Bullish Pattern Breakout Gains Momentum.

Ethereum has broken above a months long consolidation range, supporting speculation of a bullish continuation toward $4,000 and beyond. Price has been trapped inside a symmetrical triangle, marked by lower highs from $4,120 and higher lows from $3,455.

This triangle pattern has consistently shown indecision in the market, with neither buyers nor sellers taking full control. However, recent developments show Ethereum pushing past the upper boundary near $3,760, suggesting growing bullish strength.

Breakout Pushes Ethereum Toward $4K Zone

The recent breakout occurred just above the $3,780–$3,800 range, after Ethereum climbed past the triangle’s upper resistance line. This movement was followed by a series of strong green candles, which confirms increasing buyer demand.

The support trendline at $3,455 continues to hold firm, and the pre breakout resistance level of $3,760 now acts as immediate support. Ethereum’s new target zone is between $3,950 and $4,100, with price movement showing upward movement.

the breakout sustains momentum, the next area of interest is the previous peak around $4,120. However, a failure to remain above $3,780 could create uncertainty and prompt short term caution among traders.

Historical Data Points to Bullish August

According to trader Crypto Rover, Ethereum historically performs well in August during post halving years. The average return for Ethereum in these months has been 64.2%, providing a statistical base for near term optimism. If that pattern repeats, Ethereum could trade close to $6,000 by the end of August.

The timing of the current breakout aligns with this seasonal trend, adding further attention to Ethereum increase this month. Price activity, combined with historical performance, now shapes expectations for a strong August trading.$ETH