The Ethereum (Ethereum ETFs) have continued to receive additional investments for 17 consecutive days with net investments of $453 million last Friday, coinciding with the diamond pattern targeting a breakout towards the range of $4,000-$6,000.

In a historic precedent, the spot trading funds for Ethereum (Ethereum Spot ETFs) continued their series of receiving additional investments for the 17th consecutive day, with net investments of $453 million last Friday alone, bringing the total assets under management to $20.66 billion. The ETHA fund from BlackRock led with daily additional investments of $440 million, becoming the second largest American ETF receiving investments this week.

The ongoing institutional demand for these funds has resulted in total investments of $9.33 billion, while the net inflows per week reached $1.8 billion, compared to only $71 million enjoyed by its counterpart for Bitcoin (Bitcoin ETFs). According to this, Matt Hougan - the Chief Investment Officer at Bitwise - expects the demand for ETH ETFs to reach $20 billion within a year, which is approximately 5.33 million Ethereum (Ethereum-ETH) based on current prices.

Given that the expected new supply during the same period does not exceed 800,000 Ethereum (Ethereum), demand could surpass supply by about 7 times, and technical indicators show that the diamond formation pattern is nearing completion at a price of $2,832.

Additionally, previous data indicates that August has historically provided the currency with average gains of about 64.2% in the years following the halving event, allowing the price of Ethereum (Ethereum) to rally towards targets within the range of $4,000-$6,000.

The diamond formation pattern heralds a potential breakout towards $4,000.

The chart of Ethereum's price movements over three days shows a widening diamond pattern nearing completion at $2,832, which is typically the area that experiences strong breakouts after being breached.

The diamond pattern represents one of the most prominent strong price reversal patterns technically, characterized by a wide range of fluctuations followed by a gradual decline in price movements. The formation of the ideal diamond pattern for the price of Ethereum (Ethereum) occurs by touching successive peaks around $4,000 and troughs around $1,400.

While the upward trend line provides critical support that has been tested repeatedly, its breach suggests a renewal of upward momentum. Similar technical patterns typically show strong price movements once completed and upon touching the upper limit. Some analysts' expectations for the price to exceed $4,000 rely on calculated movements after breaching it, targeting resistance levels recorded during previous cycles that represent key institutional focal points awaiting trend confirmation.

Ethereum Price Forecast: Seasonal breakout supports targeting $6,000 in August.

The monthly returns map provides important seasonal context supporting the positive outlook for August.

Historical data shows that August typically grants Ethereum (Ethereum) exceptional gains with an average of 64.2% during the years following halving events, and this pattern recurs with notable strong performance; the currency achieved gains of 35.62% in 2021, 25.32% in 2020, and 92.86% in 2017. Its performance for the current month of July has provided gains of about 50.79% for 2025, indicating increasing momentum in preparation for the typical August breakout.

If the historical pattern repeats itself from the current levels near $2,800, the average return of 64.2% could push the price of Ethereum (Ethereum) towards $6,000 during the strongest months of the year in terms of seasonal performance. Additionally, the open futures contracts for the currency on the Chicago Exchange (CME) - which reached a record total value of $7.85 billion - provide additional institutional support for these expectations.

This reveals that professional traders are moving confidently and aggressively in anticipation of a repeat of historically strong performance periods, amid the pressures that incoming investments to ETH ETFs are causing on supply.