Ethereum Primed for Explosive Breakout as RSI Flashes Bullish Signals

Ethereum''s technicals scream opportunity—RSI levels hint at a potential surge that could leave traditional finance scrambling.

Brace for impact.

The smart money''s already positioning, while Wall Street still debates ''blockchain vs. Bitcoin''.

The chart above, shared by Merlijn shows an ascending triangle pattern—marked by rising lows and flat resistance—that culminated in a breakout. According to the analyst, the shakeout phase is now complete, and the breakout sets the stage for a vertical rally, potentially targeting the $3,600–$3,800 range in the NEAR term.

Additionally, ETH’s rally could be due to increased investor sentiment. President Trump has been calling for an interest rate cut. Market participants also anticipate the Federal Reserve to cut interest rates soon. A rate cut could lead to a surge in risky investments. ETH and other crypto assets could experience a rally under such circumstances.

According to the analysts at CoinCodex, ETH will continue to rally over the coming days. The platform anticipates the asset to breach the $3000 mark on June 21. CoinCodex does not anticipate ETH’s rally to stop at the $3000 mark. The platform predicts ETH will trade at $4445.39 on Aug. 26. ETH has not traded above the $4000 mark since December 2024. The asset’s price will rally by 65.97% if it hits the $4445.39 target. However, this is just a prediction, and anything could reverse the breakout sentiments and send Ethereum back down.