Ethereum Price Triangle Breakout Targets $2,150 as ETF Outflows Raise Concern

Ethereum's price is currently trading at $1,889.44 as it compresses inside a bullish triangle on the 4H chart.

This pattern typically reflects accumulation and tightening momentum, with bulls defending higher lows throughout the compression.

A clean breakout above the $1,950 to $2,000 zone could trigger a move toward the $2,150 measured move target, according to analyst Crypto With Gopal.

However, spot ETH ETFs logged $1.76M in outflows on August 11 and $14.59M the day before, snapping five consecutive weeks of net inflows that brought in over $560M total.