Ethereum’s Bullish Trajectory: Analysts Predict $5,791 Breakout as Accumulation Phase Nears End

Ethereum is showing strong signs of a major price breakout, with renowned technical analyst MasterAnanda setting a minimum target of $5,791. The cryptocurrency has maintained a steady consolidation above the $2,425 support level over the past two months, indicating a potential accumulation phase before a significant upward surge. A weekly candlestick chart analysis reveals a compelling wedge pattern forming between June 2022 and April 2025, characterized by rising lows while price highs have remained constrained. This technical setup suggests growing buying pressure that could soon propel ETH to new heights. As of July 2025, market watchers are closely monitoring Ethereum's price action for confirmation of this bullish pattern, which could mark the beginning of a substantial rally in the world's second-largest cryptocurrency.

Ethereum Poised for Major Breakout with $5,791 Target, Analyst Says

Ethereum's price action suggests an imminent surge, with technical analyst MasterAnanda predicting a minimum target of $5,791. The cryptocurrency has been consolidating above the $2,425 support zone for the past two months, signaling a potential accumulation phase before a significant upward move.

A weekly candlestick chart reveals a wedge pattern with rising lows from June 2022 to April 2025, while price highs have remained relatively flat. The recent period of low volatility and sideways movement often precedes major market shifts. Ethereum's sharp rebound from a $1,470 low on April 9 further supports the bullish thesis.

MasterAnanda emphasizes that ethereum is on the cusp of its strongest bullish wave in years. The current consolidation near trendline support is expected to give way to a powerful breakout, with $5,791 as the initial price target.

Ethereum Price to Hit $6K This Year? Analysts Make Bold Call

Pseudonymous analyst Weslad predicts Ethereum (ETH) could either surge past $6,000 or plunge to $1,800, citing a massive ABCDE wave structure within a years-long symmetrical pennant. The completion of this pattern suggests an imminent explosive move.

A bullish Inverse Head and Shoulders (IH&S) pattern is forming on the daily chart, with resistance NEAR $2,855. A breakout above this level could validate both the IH&S and the wave D breakout, potentially propelling ETH toward $6,000.

Strategist Jeremy Fielder echoes this optimism, forecasting $6,500 ETH by year-end and $10,000 in early 2025, citing pro-crypto regulatory tailwinds.

Ethereum Reserves on Binance Surge to 2023 Levels Amid Market Uncertainty

Ethereum's recent price recovery faces a potential setback as on-chain data reveals a significant migration of ETH tokens to Binance. The exchange's reserves now hold over 4% of circulating supply—a level unseen since May 2023. This movement typically precedes selling pressure, casting shadows over ETH's Q2 resurgence.

Analyst BorisVest notes the anomaly through CryptoQuant's platform, observing how investors are shifting assets from cold storage to trading venues. The trend mirrors 2023's market dynamics when similar reserve buildups preceded volatility. Yet some traders interpret the flow as preparatory for Leveraged opportunities rather than outright liquidation.

Binance's dominance in ETH liquidity raises stakes. The platform's reserves serve as a barometer for institutional and retail sentiment—their growth often correlating with either capitulation events or the calm before bullish breakouts. Market makers appear to be positioning for both scenarios.

Vitalik Buterin Proposes Lower ETH Transaction Gas Limit Through New EIP

Vitalik Buterin and researcher Toni Wahrstätter have introduced EIP 7983, a proposal to cap Ethereum's transaction gas limit at 16.77 million (2^24). Finalized on GitHub after weeks of development, the protocol-level change aims to enhance network security and stabilize transaction costs.

The cap mitigates risks like denial-of-service attacks, where a single transaction could monopolize a block's gas limit. By fragmenting large transactions, the update improves compatibility with zero-knowledge VIRTUAL machines (zkVMs) and optimizes parallel execution in future scaling models.

Ethereum's gas economics stand to gain predictability, while developers benefit from streamlined zkVM design. The proposal underscores Ethereum's iterative approach to balancing scalability and decentralization as L2 solutions proliferate.

3 Signs Ethereum Is Gaining Momentum: How Long Can It Last?

Ethereum is back in the spotlight as signs of renewed enthusiasm emerge across social and market channels. Social dominance spiked to 8.96%, its highest since May, signaling a surge in public interest. Exchange reserves are climbing in tandem, hinting at institutional activity or speculative positioning.

Despite on-chain uncertainty, ETH's funding rates remain slightly positive at +0.004%, reflecting persistent bullish sentiment among derivatives traders. The crowd appears to be front-running a potential move, but the sustainability of this momentum hinges on fresh capital inflows.

Market chatter has outpaced actual participation, suggesting ETH may struggle to break higher without stronger trader commitment. The tension between social buzz and exchange reserve movements often precedes major pivots—bullish or bearish.