ETH Price Breaks 45-Month Pattern as Ethereum Surges Past $4,000 Resistance

Quick Take

• ETH currently trading at $4,048.74 (+3.22% in 24h)
• Ethereum breaks out from 45-month symmetrical triangle pattern with strong momentum
• Third consecutive day of positive ETF inflows totaling $222M on August 7

What’s Driving Ethereum Price Today?

Ethereum’s price surge past $4,000 comes as the cryptocurrency exits a significant 45-month symmetrical triangle pattern, marking a crucial technical breakout that occurred yesterday with an intraday jump of 3.5%. This breakout coincides with substantial institutional accumulation and increased futures trading volume, suggesting institutional players are positioning for higher prices.

The momentum gained additional fuel from Ethereum ETFs recording $222 million in net inflows on August 7, marking the third consecutive day of positive flows. BlackRock’s ETHA and Grayscale’s Ethereum Mini Trust led these inflows, demonstrating renewed institutional confidence despite earlier concerns about ETF adoption.

Adding to the bullish narrative, Ethereum reached a one-year high in daily transactions, recording between 1.74 and 1.88 million transactions per day in August 2025. This surge stems from increased stablecoin transfers and renewed institutional engagement, indicating growing network utility and adoption.

However, recent volatility emerged when Ethereum briefly slipped to $3,500 after failing to hold the $3,700 level, despite SharpLink Gaming’s acquisition of over 83,000 ETH. This dip occurred amid record $465 million daily outflows from spot ETH ETFs, highlighting the market’s sensitivity to institutional flows.

ETH Technical Analysis: Very Strong Bullish Signals Emerge

Ethereum technical analysis reveals overwhelmingly bullish conditions across multiple timeframes. The ETH price currently sits at $4,048.74, virtually touching the 52-week high of $4,048.80, indicating strong upward momentum.

ETH RSI stands at 69.15, positioning Ethereum in the neutral-to-overbought zone without reaching extreme levels that typically signal immediate reversals. This suggests room for continued upward movement before hitting overbought conditions.

The MACD indicator shows bullish momentum for Ethereum, with the MACD line at 185.53 above the signal line at 183.83, generating a positive histogram reading of 1.70. This configuration indicates sustained buying pressure and momentum continuation.

Ethereum’s position relative to moving averages paints an exceptionally bullish picture. The ETH price trades significantly above all key moving averages: 7.5% above the 7-day SMA ($3,783.09), 8.5% above the 20-day SMA ($3,732.35), and dramatically above longer-term averages including the 200-day SMA at $2,514.07.

The Bollinger Bands analysis reveals Ethereum trading near the upper band at $4,049.49, with a %B position of 0.9988, indicating strong momentum but potential resistance at current levels.

Ethereum Price Levels: Key Support and Resistance

Based on Binance spot market data, Ethereum faces immediate resistance at $4,071.00, which aligns with both the strong resistance level and the 24-hour high. A break above this level could signal continuation toward psychological resistance at $4,200-$4,300.

Ethereum support levels show a significant gap structure. The immediate support sits at $3,354.28, representing a substantial distance from current prices. This wide support gap suggests either strong upward momentum or potential for sharp corrections if selling pressure emerges.

The ETH/USDT trading pair’s daily ATR of $175.56 indicates high volatility, meaning traders should expect price swings of approximately $175 in either direction during typical trading sessions.

Critical Ethereum support levels to monitor include the recent breakout zone around $3,700-$3,750, which should now act as support if the pattern break remains valid. The 20-day SMA at $3,732.35 provides additional confluence for this support zone.

Should You Buy ETH Now? Risk-Reward Analysis

For aggressive traders, the current ETH price action presents a compelling opportunity following the 45-month pattern breakout. The combination of institutional flows, increased network activity, and strong technical momentum supports a bullish case for short-term positions.

Conservative investors might consider waiting for a pullback toward the $3,700-$3,750 support zone, which would offer better risk-reward ratios. This approach allows entry near the breakout level with clearer stop-loss placement.

Risk management becomes crucial at current levels given Ethereum’s proximity to resistance. Traders should consider position sizing carefully, with stop-losses below $3,700 to protect against failed breakout scenarios.

The institutional narrative remains supportive, with ETF inflows providing a fundamental backdrop for sustained demand. However, the previous $465 million ETF outflow demonstrates how quickly sentiment can shift, requiring careful monitoring of flow data.

Conclusion

Ethereum’s breakout from the 45-month pattern, combined with strong institutional inflows and record transaction volumes, creates a compelling bullish case for the next 24-48 hours. The ETH price faces immediate resistance at $4,071, but technical indicators suggest momentum remains strong. Traders should monitor ETF flow data and the $3,700 support level closely, as these factors will likely determine whether Ethereum can sustain its current rally or requires consolidation before the next leg higher.

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