Repeating July’s bull-bear trap pattern, ETH’s latest move has traders eyeing a massive mid-term surge.


Ethereum ($ETH ) is flashing a déjà vu moment for traders. After executing both bull and bear traps — similar to its July setup — ETH has broken above $3,500, a level
analysts see as the launchpad for a potential vertical rally. At the time of
writing, ETH trades at $3,832.


Why This Pattern Matters

  • Recent bull trap (false breakout) and bear trap (false breakdown) have
    historically preceded big moves.

  • Analysts point to a falling wedge breakout and a higher low near
    $3,500, both strong bullish signals.

  • Projections suggest ETH could target $6,800–$9,000 in the medium term if
    momentum holds.


Institutional Confidence Growing

  • Over $188M in whale transfers spotted recently, with BlackRock buying $88.8M worth of $ETH .

  • Social dominance at 11.41%, reflecting rising public attention.

  • Regulatory relief on liquid staking adds to bullish sentiment.


Key Levels to Watch

  • Resistance: $4,100

  • Support: $3,550
    If $ETH holds above $3,500, many expect the next leg higher to ignite —
    potentially leading to one of its biggest runs in years.


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