Ethereum Surges Past $3,000: Bull Flag Breakout Signals $3,834 Target
For the first time since early February, Ethereum (ETH) has regained the important $3,000 barrier. It is now trading just over this level
Quick overview
- Ethereum has regained the $3,000 barrier for the first time since early February, marking a significant breakout after weeks below $2,800.
- Technical analysis indicates a confirmed bull flag pattern, with a potential resistance target of $3,834.
- Institutional interest has surged, with spot Ethereum ETFs experiencing record inflows, contributing to the recent price rally.
- The $2,800 level is crucial for maintaining bullish momentum, as staying above it could lead to further price increases towards $4,000.
For the first time since early February, Ethereum ETH/USD has regained the important $3,000 barrier. It is now trading just over this level and has gained more than 3.2% in the last 24 hours. After weeks of trading below $2,800, this breakout marks a key moment for the world’s second-largest cryptocurrency.
ETH/USD Technical Analysis: Bull Flag Pattern Emerges with Clear Price Target
Target Technical analyst Merlijn The Trader has found a confirmed bull flag breakthrough on Ethereum’s daily chart. This means that the next big resistance level is at $3,834. This technical pattern comes after a falling wedge reversal that started at the highs in December 2024 and ended at the lows in April 2025. The first breakout happened in mid-May.
The pattern’s measured move computation, which is dependent on the height of the flagpole, shows a clear path for where Ethereum might go next. The consolidation period that started in May and ended in June has now resolved to the upside. The recent break over $2,700 confirms the bullish pattern.
Daan Crypto, a crypto analyst, says that the $2,800 level is very important because it has been a resistance point for two years. “This level now gives traders a clear invalidation point,” he said. “Market bulls will stay in control as long as ETH stays above $2,800.” He also pointed out that prices staying above this level might lead to a return to the market cycle peak above $4,000.
Technical Indicators Show Mixed Signals
The broad trend is still optimistic, but technical indications show a more complicated picture. The Moving Average Convergence Divergence (MACD) indicator shows that the rising trend will continue. The MACD line recently crossed above the signal line, which is usually seen as an indication of a positive trend.
The Relative Strength Index (RSI), on the other hand, is at 71.12, which is well above the overbought level. This signal shows that Ethereum may be getting close to becoming too hot, which could cause some people to take profits temporarily.
Institutional Interest Fuels Rally Through ETF Inflows
The recent rise in prices wasn’t just because Bitcoin’s enthusiasm spilled over. Spot Ethereum ETFs had their best week since they started in July 2024, with a total of $907.99 million coming in. There were $383.10 million in inflows on Thursday, July 10, alone, which was the biggest single-day inflow for any Ethereum ETF in 2025.
This attention from institutions has led to big improvements in on-chain measures. According to Santiment, 124.13 million ETH out of a total supply of 155.04 million has been profitable. This is the greatest percentage of all tokens since January 2025, at 79.96%.
Corporate Adoption Accelerates with Major Treasury Moves
More and more businesses are using the Ethereum ecosystem than ever before. After announcing plans for a $100 million Ethereum treasury that aims for 14% returns through decentralized finance tactics, GameSquare’s shares jumped over 60%.
SharpLink Gaming is still aggressively buying more ETH, most recently buying 16,374 ETH for over $49 million. This raises their total to 270,000 ETH, which they bought for an average price of $2,667. They are currently sitting on $81.8 million in unrealized gains.
Bit Digital has also jumped on the bandwagon of companies using Ethereum. After raising $172 million in public equity and selling 280 BTC, the company moved its treasury to hold over 100,000 ETH.
Ethereum Price Prediction and Market Outlook
Exchange outflows of $493 million show that investors are becoming more confident, and more people are shifting their assets to private wallets in the hopes that prices will keep going up. This kind of behavior usually means that there is less pressure to sell and more confidence in holding.
$2,800 is still the most important level to watch, and it is now acting as strong support. If ETH stays below this level for a long time, it may have to go back to lower support zones around $2,100–$2,160. However, if it stays above $2,800, it will be able to reach the $3,834 target and maybe even the $4,000 cycle peak.
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