Popular crypto market experts believe Ethereum could rise in the coming months, citing recruitment and technical patterns.
According to Every day Altcoin, Ethereum could rise to $5,600 by November due to strong institutional demand and historic post-harving performance. The Crypto News Outlet highlighted that Ethereum has yet to surpass its all-time high, but shows signs of momentum building.
In the video, the host cited Bitise Cio Matt Hougan, but August has historically been one of Crypto’s weakest months, but it often sets the stage for significant profits the following month. They suggest that short-term DIPs will be considered as a purchase opportunity ahead of the potential breakouts from September to November.
The report points out that public companies are actively purchasing Ethereum on what appears to be at a favorable price level. Purchasing activities are described as part of inter-institutional race to ensure ETH before prices rise.
Historical trends show ETH’s August benefits
Ethereum’s performance in the months after half of Bitcoin has been historically positive. Altcoin Daily cited analyst Alek, noting that on average Ethereum won over 64.2% in August during these periods.
Despite currently below $4,000, Ethereum is facing resistance, resisting several times to around $3,800. If it breaks beyond this level, Altcoin Daily believes it can follow previous breakout patterns with prices exceeding $2,000. Advances the same pattern could result in ETH reaching $5,600 by November.
Meanwhile, Benjamin Cowen has previously emphasized the reason. Ethereum is not over $4,000. Cowen pointed out that ETH has been unable to beat this level three times since 2024, as it skipped major support retests.
However, he said this changed when Ethereum fell to $1,385 in April 2025, touching on the 400-week moving average. ETH has since skyrocketed 178%, and now we are focusing on breakouts. Notably, Ethereum traded at $3,617, an increase of 1.9% in the past, increasing its monthly profit to 43.5%.
Chart analysis supports Ethereum’s bullish momentum
The video includes an analysis of Ethereum’s trading behavior, pointing to repeated resistance at around $3,800 and nearly $2,200 in support. The Altcoin Daily suggests that Ethereum is forming a similar breakout pattern to previous gatherings.
The host cites analyst TED and claims that ETH is undervalued at under $4,000, taking into account the increased network activity and tight supply in particular. He showed how assets tend to resist and consolidate against assets such as the S&P 500 and Bitcoin.
Benjamin Cowen warns the Treasury that buys stories
Altcoin Daily is optimistic, but chart analyst Banjamin Cowen, who spoke at Bankless, presented a more cautious perspective. He warned that current trends at the ETH Treasury could drive demand forward.
According to Cowen, a surge in facility purchases could push Ethereum to a new high, but could later use up demand and cause a market reversal.
Cowen also raised concerns about the Altcoin project, which attempts to replicate the Treasury Department’s accumulation strategy at Ethereum.
