Ethereum ($ETH) is showing powerful signs of an imminent major rally, according to a convergence of technical and on-chain indicators. Multiple bullish chart patterns—including a massive bullish flag targeting $8,000 and a classic cup-and-handle formation pointing toward ~$6,675—suggest a significant breakout is nearing.
This technical strength is backed by surging market demand. ETH futures open interest has doubled since June, large "whale" investors have secretly accumulated over $114 million, and a single day saw 256,000 new Ethereum addresses created—activity reminiscent of the build-ups to historic bull runs.
Furthermore, institutional interest is exploding. Firms like Tom Lee's have invested billions, and Ethereum now captures over half of the entire stablecoin market, cementing its role as crypto's core financial infrastructure. With ETH reclaiming $3,800 as support, breaking the $4,000 barrier is seen as the key catalyst that could ignite its next explosive move to new all-time highs.$ETH