Ethereum is currently just one strong bullish candle away from confirming a major breakout. The current price structure bears an astonishing resemblance to the pattern seen in May and June 2025 — a pattern that helped Ethereum reach new highs in the following year.
Traders are closely monitoring as the price approaches the resistance level. A strong breakout could trigger a buying wave, potentially pushing ETH to $5,000 in the coming months.
Historical Patterns Indicate Higher Levels
The comparison with May/June 2025 is not just wishful thinking. At that time, Ethereum had consolidated below resistance for several weeks before soaring to new highs. Current technical indicators also show similar growth momentum, suggesting history may be about to repeat itself.
If the breakout is confirmed, $5,000 will become the next reasonable target - both psychologically and technically. This level also aligns with the upper boundary of Ethereum's current trading channel.
Why the Next Candle is Important
In the market, timing is a decisive factor. A strong daily or weekly bullish candle breaking through the current resistance could mark the beginning of Ethereum's next bullish rally. Factors supporting this breakout include:
Bullish market sentiment: The overall strength of the cryptocurrency market, led by Bitcoin's bullish trend.
Technical structure: A tightening price range is often the calm before the storm.
Momentum traders: A confirmed breakout could trigger both automated and manual buy orders.
If the growth momentum continues as before, Ethereum could reach $5,000 or close to that before the end of Q3 2025. $ETH