Ethereum Builds Momentum With Bullish Chart: What could Be Next?

Ethereum (ETH) is gaining serious traction across technical, on-chain, and performance metrics—fueling speculation that a major breakout could be underway. With analysts targeting price levels as high as $6,700 by 2025, the case for Ethereum’s strength continues to grow.

Bullish chart signals suggest $6,700 in sight

Crypto analyst Titan of Crypto has identified a powerful technical formation on Ethereum’s weekly chart: a right-angled descending broadening wedge. According to his analysis, ETH has already begun advancing within this structure and is targeting a short-term breakout to $4,100.

If ETH can confirm a breakout from the upper boundary of this pattern, Titan projects a long-term target of $6,700—a level that represents significant upside from current prices. He emphasized that patience is key, but the setup is clear for those following the structure.

Ethereum outpaces Bitcoin for second straight quarter

Adding fuel to the bullish thesis, Merlijn The Trader shared historical data showing ETH is outperforming Bitcoin (BTC) for a second consecutive quarter in 2025. Historically, this setup has led to explosive rallies. The last time ETH outperformed BTC in Q2 and Q3 was in 2021, when Ethereum delivered a 5x return by the end of the year.

So far in 2025, Ethereum has posted +36.46% in Q2 and +42.24% in Q3, compared to Bitcoin’s more modest gains. This suggests that capital rotation into ETH is gaining momentum—mirroring the conditions of past bull market expansions.

Whales return as Ethereum network sees $18B in large transactions

On the on-chain front, analyst Ali Martinez reported that whale activity on the Ethereum network is surging. Over the past 24 hours, Ethereum recorded more than $18 billion in large transaction volume—a strong indicator of institutional and high-net-worth investor participation.

This spike in whale activity comes as ETH trades around $3,420, and aligns with the technical and seasonal performance metrics highlighted by other analysts. Large-volume flows often precede major directional moves, and this surge signals confidence behind the current price action.

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Conclusion

With bullish chart patterns, historical performance outpacing Bitcoin, and on-chain whale volume surging, Ethereum appears poised for another leg up. If past trends hold, the $6,700 target for 2025 may be more than just speculation—it could be the next major milestone.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.