币界网报道：Ethereum ETFs could trigger a major Q3 rally as analysts identify a bullish technical setup targeting $4,900. Market observers note ETH's recent consolidation resembles patterns preceding previous bull runs, with the potential approval of spot Ethereum ETFs seen as a key catalyst. The $4,900 target represents a 70% upside from current levels, with some traders anticipating even higher prices if institutional inflows materialize through ETF products. Technical indicators show ETH holding above critical support levels while building momentum for a potential breakout. The market is closely watching regulatory developments, as SEC approval of Ethereum ETFs could mirror Bitcoin ETF's market impact earlier this year.