Ethereum: Beginning Of A Large Long-Term Breakout Rally (Technical Analysis)
Main Idea
Ethereum (ETH-USD) is poised for a potential long-term breakout rally, with short-term, intermediate-term, and long-term price targets outlined.
Key Points
1. Ethereum is challenging the key $2600 resistance level, indicating a potential breakout.
2. The short-term price target for Ethereum is approximately $5000.
3. The intermediate-term price target for Ethereum is $10,000 to $12,000.
4. The analysis is provided by Steven Vincent, who has been studying and trading markets since 1998.
5. The author discloses a beneficial long position in Ethereum through stock ownership, options, or other derivatives.
Description
Summary Ethereum is breaking out above $2,600 with a high-conviction technical setup, signaling the start of a potential multi-year bull phase with projected upside targets of $5K, $10K–$12K, and even $54K. A favorable political shift is fueling the rally: President Trump has designated crypto a strategic asset, dismantled anti-crypto regulatory forces, and appointed a White House advisor for crypto policy. Institutional adoption is accelerating as BlackRock and Fidelity pour hundreds of million...
Latest News
- Crypto short interest sees mixed response in July2025-08-15 15:13:53
- DeFi Dev purchases $22M SOL, grows treasury to 1.42M SOL2025-08-15 14:15:29
- Hong Kong securities watchdog sets new custody rules for crypto exchanges2025-08-15 13:54:01
- ETHZilla (180 Life Sciences) Pivots To Ethereum Treasury Strategy2025-08-15 13:17:29
- Circle prices 10M share public offering at $130 each2025-08-15 07:19:45