{"id":5884,"date":"2025-07-16T05:00:31","date_gmt":"2025-07-16T05:00:31","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-forms-pure-cup-and-handle-pattern-after-hitting-3000-analysts-set-new-targets\/"},"modified":"2025-07-16T05:00:31","modified_gmt":"2025-07-16T05:00:31","slug":"ethereum-forms-pure-cup-and-handle-pattern-after-hitting-3000-analysts-set-new-targets","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-forms-pure-cup-and-handle-pattern-after-hitting-3000-analysts-set-new-targets\/","title":{"rendered":"Ethereum Forms \u2018Pure Cup And Handle\u2019 Pattern After Hitting $3,000, Analysts Set New Targets"},"content":{"rendered":"

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first time in months. This interesting move comes amid growing institutional attention caused by the recent climb to new all-time highs.\u00a0<\/p>\n

Ethereum has gained over 17% in the past seven days alone, reaching a new local high of $3,065. Interestingly, bullish technical structures are starting to emerge that could send the ETH price soaring toward new all-time highs. Two analysts have now spotted classic bullish setups, both hinting at a significant rally on the horizon.<\/p>\n

Cup And Handle Pattern Points To $4,200 If Breakout Holds<\/h2>\n

The first analyst, known as @CryptosBatman on the social media platform X, ETH to break out of the neckline around $2,850. A technical projection from this neckline points to a 45% move to a price target just below $4,200.<\/p>\n

According to this analyst, Ethereum’s breakout from the cup and handle pattern has formed in the middle of powerful fundamentals. Ethereum is now beginning to outperform Bitcoin in terms of short-term returns, and exchange reserves have dropped to an eight-year low. These are both fundamental signals of strong holding behavior and reduced sell-side pressure. With these metrics aligning with the technical breakout, @CryptosBatman believes Ethereum could be next in line to break its all-time high, possibly before the end of Q3.<\/p>\n

\"Ethereum\"<\/p>\n

Weekly Chart Echoes Previous 42% Rally<\/h2>\n

Another crypto market technician, CryptoBullet, expressed a similar sentiment<\/a> on the social media platform X. This analyst referenced Ethereum\u2019s weekly candlestick chart to support his outlook. He pointed to the formation of last week’s massive green breakout candle that has pushed the price above a major supply-resistance zone around $2,850.\u00a0<\/p>\n

This move, as shown in the chart below, mirrors the same structure that caused a 42% rally between February and March 2024, when ETH moved from the $2,900 level up to nearly $4,100 within a matter of weeks.\u00a0<\/p>\n

If that price action is replicated in this current setup, Ethereum could again be on track to test $4,200 in preventing any sustained retracements below the $2,900 to $2,850 range.<\/p>\n

At the time of writing, Ethereum is trading at $2,980, having reached an intraday high of $3,074.<\/p>\n

\"Ethereum\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first time in months. This interesting move comes amid growing institutional attention caused by the recent climb to new all-time highs.\u00a0 Ethereum has gained over 17% in the past seven days alone, reaching a new local…<\/p>\n","protected":false},"author":1,"featured_media":5885,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2042,2838,1930,69,359,360,71,232,233,72,73,499],"class_list":["post-5884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-cryptobullet","tag-cryptosbatman","tag-cup-and-handle-pattern","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-spot-ethereum-etfs"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=5884"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5885"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}