Ivan on Tech says ETH is looking strong and August could end with fireworks. History backs this up - in post halving years, ETH tends to crush it in August. In 2017, it pumped 92% in a month. In 2021, it gained 35%. This year it is already up about 16%, and Ivan thinks we could see it push toward the all time high around $4.8k before the month ends.
The only thing holding ETH back right now is a CME gap on Bitcoin’s chart and a big resistance level around $120. Large traders often want those gaps filled before pushing the market higher. Once that resistance is broken, he expects momentum to kick in fast.
Another bullish sign is that Bitcoin dominance is starting to fall. That usually means altcoin season is close, where strong alts like ETH often run hard. Just remember - alt seasons tend to be short, lasting only a few months, so timing matters.
Big picture - August looks very promising for ETH, but September might bring a dip before the next leg up. If you are in alts, be ready and watch the charts closely.
