Ethereum is the latest Cryptocurrency that has grown high on the radar. The market is currently benefiting to the token and helps it attract great institutional interest. Many small businesses have examined Ethereum Actively, attracted by its staking abilities. The ETH diagram now shows a new development, the formation of a bull pen, who, when finished, can help Ethereum grow high on the market. Is ETH really founded for $ 5K soon? Let’s find out.
Also read: AI predict the price of bitcoin, ETH if Trump chooses a new FED chair
Ethereum Bull Pennant Formation: Details
That being said, Ethereum charts also reflect other haus -like developments. According to Titans of Crypto, a remarkable Cryptocurrency expert, Ethereum’s chart shows a bumpy pennant formation. If confirmed, the development can help the token hit $ 5000 soon.
“#Thereum bull pennant: $ 5,000 in sight 🎯a bull pennant forms up on #eth. If it confirms, the technical goal stands at $ 5,000.”
#Eteum Bull Pennant: $ 5,000 in sight 🎯
A bull pennant forms #Eth.
If it confirms, the technical target is $ 5,000. pic.twitter.com/xsi9ubi9jv– Titan of Crypto (@washigorira) August 6, 2025
As Changelly describes, a bull penalty formation is when an asset nails after undergoing a short consolidating period.
Ethereum August forecast
For the month of August Changelly ETH data predicts that the token will hit a maximum altitude of $ 4621.
“Crypto analysts expect that at the end of summer 2024 the ETH price will be about $ 3,960.72. In August 2025, the cost may drop to at least $ 3,600.01. The expected top value can be $ 4,321.42 in August 2025.”
