Ethereum has broken a four-year bullish megaphone pattern, retesting support at $4,270. This breakout aligns with historical expansion phases, capturing traders' interest. Ethereum previously reached $4,797 before retracing to hold support near $4,270. The measured breakout target suggests a potential rise to $6,800–$7,000, based on a 60.90% extension from the pivot line. Historical data indicates that green August closes often lead to strong year-end rallies, with notable gains of 92.9% in 2017 and 25.3% in 2020. The monthly MACD confirms bullish momentum, supporting longer-term upside potential. Despite initial panic selling after new all-time highs, analysts remain optimistic about Ethereum's trajectory toward $6,800–$7,000, backed by multiple technical models.