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ETH Just One Bullish Candle Away From Major Breakout, Target Set on $5,000 ETH ATH Price

ETH Just One Bullish Candle Away From Major Breakout, Target Set on $5,000 ETH ATH Price

CryptonewslandCryptonewsland2025/08/08 08:45
By:by Nicole D'souza
  • ETH just one bullish candle away from a major breakout.
  • The next bull ATH target for ETH is set at $5,000.
  • ETH on the verge of reclaiming $4,000 and above prices.

The price of the pioneer altcoin, Ethereum (ETH), is trading at the $3,900 price range, leading to a highly bullish expectation for the price of ETH to finally break past the big boss price level of $4,000. According to several reputed crypto analysts, the price of ETH is just one bullish candle away from a major breakout. Presently, the next pump ATH target for ETH is expected at $5,000 .

ETH Just One Candle Away From Major Breakout

According to CoinMarketCap analytics, the price of ETH is currently trading at $3,904 and is up 6.2% in the last 24 hours. Additionally, the pioneer altcoin asset is boasting a total market cap of $471,234,797,364.55 with a 24-hour trading volume of $43,139,421,828.54. The price of ETH is also just around 20% away from its previous ATH price set 4 years ago at $4,891.70, and expectations are high for the price of ETH to reclaim the $4,000 price range soon. 

Several analysts believe that the price of Ethereum (ETH) will soon surpass $4,000 to set a trend top at $4,200 before securing the next trend top at $4,500. Eventually, ETH is expected to reclaim its previous ATH price in the $4,800 price range and eventually set new ATH prices starting from an ATH target of $4,900 to much higher prices. At the moment, reputed analysts are highlighting several bullish indicators signaling a bullish ETH pump soon.

SPRING. TEST. SOS.

The Wyckoff cycle is complete and $ETH just triggered the final phase

This is where disbelief flips to FOMO.

You can chase it later.
Or position now and ride the markup.

The Markup doesn’t knock. It explodes. pic.twitter.com/KDWnQv8w2N

— Merlijn The Trader (@MerlijnTrader) August 7, 2025

For instance, as we can see from the post above, this analyst believes the spring test is off for the pioneer altcoin Ethereum (ETH) . In detail, this analyst and long-time trader see that the Wyckoff cycle is complete and the price of ETH just triggered the final phase for the altcoin. The analyst highlights how important this Whyckoff cycle completion is, stating that this move is where disbelief flips to FOMO. 

Target Set on $5,000 ETH ATH Price

To elaborate, this move will trigger an immediate FOMO response, sending retail to begin accumulating bullishly on ETH. So far, ETH whales and institutions have been frantically yet steadily accumulating as much ETH as they possibly can before the asset breaks the $4,000 price barrier. The analyst says that ETH accumulators can either position now or chase pumps later. After all, ETH is set to explore, and one cannot afford to miss the explosive ride .

$ETH is just one bullish candle away from a major breakout.

The setup looks very similar to May/June 2025, which led to a new yearly high.

Is $5,000 Ethereum possible in Q3? I think so. pic.twitter.com/H9C0L4SqDV

— Ted (@TedPillows) August 7, 2025

Meanwhile, another reputed analyst joins the conversation. As we can see from the post above, this analyst notices how ETH is just one bullish candle away from a major breakout. He shares a chart with the post and mentions how the setup looks very similar to that of May/June 2025, which led to a new yearly high. He concludes, saying that a $5,000 Ethereum ATH is highly possible in Q3.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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