ETH Eyes $3,400 as Retail Buyers Flock to AlphaPepe

Ethereum has broken out of a bullish chart pattern and is now eyeing $3,400 after hitting $2,800.

A flag breakout typically precedes the next leg higher, and Santiment's 365-day MVRV ratio has climbed back above zero for the first time since October 2025.

The last four times this happened after a deep bear phase, ETH went on to trade near $4,000.

Ethereum remains the backbone of DeFi, stablecoins, and tokenized assets, but retail buyers are looking for an earlier way into the next wave.