Ethereum Bull Flag Breakout Pass Di $2,930 Support, Short-Term Target Na $3,100 And Upside Reach $3,834
Ethereum don complete one bull flag breakout after e flip one falling wedge weh dey from December 2024 reach April 2025, then e still dey consolidate between May and June. Spot Ethereum ETF inflows reach $908 million last week, including record $383 million on July 10, while on-chain data show say 80% of ETH supply dey profit now—the highest since January—which mean say sell pressure reduce and people hold the coin strong well well. Price don hold key support for $2,930 and form falling wedge, with resistance at $2,940 wey dey cap rallies. If e break decisively above $2,940 with better volume—or if e close daily above $3,000—e fit push Ethereum go for short-term target of $3,100 and the measured move $3,834. If e no fit hold $2,930, e fit try test $2,880 again. Analyst Crypto Patel dey project medium-term targets between $6,000 and $12,000, e dey base am on hammer candlesticks and cycle patterns. Traders suppose watch support, resistance plus volume for where dem go enter and confirm.
Bullish
Di kombinashun wey confirm say bull flag don breakout, plus falling wedge reversal and strong ETF inflows wey get correct on-chain profit data support, e dey show sey bullish movement go continue. If e hold support for $2,930 and e break key resistance level with volume, e fit trigger more upward move go $3,100 quick quick and the measured target of $3,834. Medium term forecast like $6,000–$12,000 support the optimistic outlook. Traders fit dey look for confirmation with volume spikes and daily close pass critical levels, but if support no hold, e fit cause short-term pullbacks.