Is ETH’s Long-Term Bull Run Just Getting Started? This Data Says So

TL;DR Ethereum mirrors global liquidity trends, exiting accumulation and entering a potential long-term bull phase. $4,520 remains a key resistance level for ETH; a breakout could trigger a rally toward $4,800 or ￰0￱ may be weak, but Q4 often flips bullish, averaging gains across October to ￰1￱ Moves With Global Liquidity Shift Ethereum is showing a pattern that closely tracks the movement of global M2 liquidity. A chart shared by analyst Merlijn The Trader shows the price of ETH rising alongside broader liquidity growth. Interestingly, the accumulation zone, marked below the $2,750 level, appears to have ended , as ETH enters a new phase labeled “Bull Run” on the ￰2￱ said, “Accumulation is ￰3￱ bull run is alive,” and added, “This isn’t hopium, it’s macro.” The chart shows both ETH and liquidity moving higher, suggesting that Ethereum is responding to shifts in the broader money ￰4￱ IS TRACKING GLOBAL LIQUIDITY Accumulation is ￰5￱ bull run is ￰6￱ liquidity is expanding higher and $ETH is mirroring the ￰7￱ isn’t hopium, it’s ￰8￱ it now, and you’ll be chasing above $6K.

pic. twitter. com/Ggc2p5GxDS — Merlijn The Trader (@MerlijnTrader) August 31, 2025 Ethereum is trading just below a key resistance level at $4,520. Analyst Lennaert Snyder posted a liquidity heatmap that shows a high concentration of sell orders around that zone.

“ETH liquidity laying around key $4,520 ￰9￱ Ethereum reclaim it today?” he asked . A move through this level could open the way for further upside, but failure to clear it may result in short-term ￰10￱ Awaits Breakout From Triangle Pattern On the 4-hour chart, Ethereum is compressing inside a symmetrical ￰11￱ pattern has been developing for over 10 ￰12￱ pointed out that a breakout is likely soon, given the narrowing price range. $ETH about to choose a direction. It’s in compression for 10 days now, a breakout should happen ￰13￱ Ethereum breaks out upwards, we probably go for the $4,800 rangehigh. A downward breakout leads ~$4,000 as first support ￰14￱ — Lennaert Snyder (@LennaertSnyder) September 1, 2025 A breakout to the upside would put $4,837 in play as the next ￰15￱ the asset breaks downward, the first support area is near $4,071, followed by additional zones at $3,900 and $3,700.

These levels could attract buyers if the price moves ￰16￱ History Shows Mixed Outlook Past data suggests that September has often been a weak month for ￰17￱ Cipher X noted the average return for September is -6.1%. Years like 2020 and 2022 saw double-digit drops, though 2021 saw a strong rally.