Ethereum Price Prediction: ETH will target the key resistance level at the beginning of August, with the expectation of returning to the $4200 area next week.

Ethereum (ETH) continues to maintain a bullish momentum, holding above $3,800, as market participants prepare for what could be its most significant breakthrough since early spring. Analysts predict that ETH will rise nearly 11% in the next seven days and may return to the critical area of $4,200 before August 2. The influx of institutional capital, on-chain strength, and improved trader sentiment collectively support this trend.

This week's gradual rebound momentum strengthens: Ethereum's bullish consolidation

The predicted trend will begin to progress steadily on July 29, with Ethereum expected to reach $3,814.79, a slight increase of 1% from the current level. Analysts anticipate that on July 30 and 31, Ether's bullish momentum will accelerate slightly, rising to $3,855 and $3,926, respectively.

This gradual advancement reflects the strengthening of short-term bullish sentiment, thanks to neutral financing rates and exchanges not overly leveraging. These calm but persistent increases often precede more explosive breakouts, making Ethereum's current structure a typical bullish consolidation.

August target hints at breakout potential: Return to $4200

August 1 marks the anticipated start of the vertical phase for Ethereum, with the price expected to reach $4,079, an increase of over 8% from the benchmark on July 28. By August 2, the price could reach $4,191.79, hitting the highest level in months.

Reaching this target will confirm a breakout above a long-term resistance level and establish $4,000-4,200 as a new support level. If Ethereum can close strongly at these levels, it could set the tone for its performance for the remainder of the third quarter, especially as Bitcoin's dominance begins to wane and ETF inflows continue to diversify.

Conclusion:

Ethereum's bullish momentum in August reflects strong fundamentals, growing ETF demand, and a clear technical path towards $4,200. As ETH steadily climbs, investors' attention is also shifting to rapidly expanding, viral presale projects. With early allocations disappearing quickly, traders are acting swiftly to gain exposure before the broader market discovers them.

ETH2.19%
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