Ethereum Breaks 4-Year Megaphone Structure, Here Are the Next $6,800–$7,000 Targets

Ethereum breaks 4-year megaphone, retests $4,270 support, with targets set at $6,800–$7,000.

Historical data shows green August closes often lead to strong year-end rallies for Ethereum.

MACD crossover confirms bullish momentum, while traders eye $4,800 resistance after a 7.7% rebound.

Ethereum has broken a four-year bullish megaphone pattern, completing a clean retest that leaves the structure intact. The breakout has drawn attention due to its historical alignment with expansion phases, while traders are reacting to the first pullback after new all-time highs. Despite panic selling, chart data points toward higher targets.

Ethereum Breaks Megaphone Structure and Retests Support

The Ethereum weekly chart displayed a bullish megaphone with widening trendlines forming since late 2021. Price touched multiple pivot levels near $1,600, $2,800, and $3,600 before breaking through resistance above $4,800

According to Axel BitBlaze, Ethereum reached $4,797 before retracing to retest the breakout, holding clean support near $4,270. The measured breakout target from this megaphone pattern points toward $6,800–$7,000

This projection is based on a 60.90 percent extension from the pivot line. Traders monitoring the structure note that Ethereum has consistently respected the megaphone boundaries, confirming the breakout with volume. At the time of writing Ethereum was trading at $4,621.

Market Activity and Historical Patterns

According to CoinGlass data, Ethereum has delivered strong post-August performances when monthly closes ended in green. Gains of 92.9 percent in 2017 and 25.3 percent in 2020 were followed by additional rallies into year-end. In contrast, red August closes have averaged a -14.1 percent drawdown.

Source: TedPillows(X)

The monthly MACD has also confirmed a bullish crossover, reinforcing the longer-term upside momentum. Past cycles show such crossovers have marked strong rallies, including Ethereum’s 2,200 percent surge into its 2021 peak. According to Ted Pillows, Ethereum bounced 7.70 percent from $4,300 support, with $4,800 as the immediate resistance to reclaim.

Analysts note that panic selling has occurred at the first dip after new all-time highs, describing the reaction as bear market PTSD. However, the breakout, clean retest, and bullish structure maintain projections toward $6,800–$7,000, aligning with multiple technical models.

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