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Ethereum Price Breaks Out Of Symmetrical Triangle, Next Stop $3,400?

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The Ethereum price has just broken out of a key symmetrical triangle pattern, signaling a potential surge to new levels above $3,000. The recent breakout is seen as a bullish indicator for the top altcoin by analysts who have closely watched the Ethereum price action for the past few months.

Ethereum Price Breaks Out Of Key Triangle Pattern

A popular crypto analyst identified as “TheMoonCarl” on X (formerly Twitter) has disclosed that the Ethereum price has finally broken out from its symmetrical triangle pattern. Sharing a chart illustration of the distinctive technical pattern, the analyst revealed to his 1.3 million followers that the symmetrical triangle pattern had begun forming in August 2024, extending through September and October to potentially reach a peak around December.

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However, before Ethereum could reach this designated endpoint, its price broke through the upper trendline of the triangle, indicating a potential bullish breakout to new highs. A symmetrical triangle is a key technical pattern that often indicates a period of consolidation followed by a breakout to the downside or upside. 

In Ethereum’s case, its price has been on a major consolidation trend, failing to experience similar price surges seen in Bitcoin and other altcoins.  With the now broken triangle pattern, TheMoonCarl is setting new bullish price targets at around $3,400 for Ethereum. 

At the time of the symmetrical triangle breakout, Ethereum was trading at around $2,707. However, as of writing, the cryptocurrency has declined by 3.15%, pushing its current price to $2,629, according to CoinMarketCap. While the analyst is highly optimistic about his $3,400 Ethereum price projection, the cryptocurrency will still have to see a 29.91% increase to achieve this feat.

TH Whales Are On The Move

Amidst analysts’ bullish predictions for Ethereum and its recent breakout from a key symmetrical triangle pattern, reports have revealed that large-scale investors, typically referred to as “Whales” are now back in action. 

Whale Alert, a blockchain tracker and analytics system revealed a series of substantial whale transactions involving the Ethereum token. In the last 24 hours, an Ethereum whale had moved a whopping 12,590 ETH tokens, worth approximately $33.8 million from an unknown wallet to Coinbase. 

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Additionally, in the past few hours, another Ethereum whale had transferred 8,452 ETH tokens valued at $22.4 million from an unknown wallet to Binance. Typically, when whales move coins from their private wallets to a centralized exchange, it often indicates that they may be selling off their tokens. 

While a full-blown sell-off could cast a shadow on Ethereum’s already slow price momentum, it appears that whales are not only moving ETH to exchanges but also potentially accumulating tokens. Whale Alert has reported that an anonymous whale recently moved 8,811 ETH from Binance to an unknown wallet. 

These multiple transactions create uncertainty about whether whales are selling more than they are buying. However, with Ethereum’s recent breakout from its symmetrical triangle pattern, bullish momentum could push prices higher, potentially encouraging more buying activity. 

Ethereum price chart from Tradingview.com
ETH price still holding $2,600 despite decline | Source: ETHUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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Ethereum to Emphasize Layer-1 Efficiency and UX in Upcoming Protocol Upgrades

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The Ethereum Foundation is realigning its developmental strategy to address core protocol efficiency and user experience challenges, following recent leadership changes earlier this year.

Co-executive director Tomasz Stańczak outlined the updated focus areas in a public statement on X earlier today, emphasizing that the shift is intended to strengthen Ethereum’s long-term scalability while improving near-term usability.

Protocol Upgrades and a Revised Role for Vitalik Buterin

Stańczak described the discussions surrounding Ethereum’s base-layer roadmap as extensive and community-driven, noting that the changes are designed to sharpen focus among researchers and core developers. Stańczak wrote:

Our discussions about the Layer 1 scaling roadmap have been extensive, and the feedback so far suggests that the community appreciates our ambition. Turning that ambition into reality now depends on the focus of the core development teams and researchers.

As part of its strategic transition, the Ethereum Foundation is aiming to give Vitalik Buterin more time to focus on advanced research rather than daily operational oversight.

“We aimed, among other things, to free more of Vitalik’s time for research and exploration,” Stańczak stated, adding that Buterin’s recent writings on topics like RISC-V and zkVMs have been instrumental in directing attention toward potentially “transformative technologies.”

According to Stańczak, these insights have played a significant role in realigning the Ethereum community around long-term priorities, such as privacy, modularity, and decentralized infrastructure.

Stańczak clarified that Buterin’s proposals are not mandates but starting points for community-led exploration:

Vitalik’s proposals will always carry weight, but they are intended to start conversations and encourage progress in difficult research areas.

He also stressed the importance of giving other researchers the same freedom, highlighting ongoing work by contributors like Justin Drake and Tankard Feist.

Overall. the Foundation’s research direction is now geared toward short-term outcomes that include better Layer-1 scaling, enhanced Layer-2 integration, and more “seamless” user experiences—especially in upcoming upgrades like Pectra, Fusaka, and Glamsterdam.

RISC-V Proposal and Developer Flexibility

The Foundation is also assessing the feasibility of moving from the Ethereum Virtual Machine (EVM) to a more modern execution environment powered by RISC-V.

This proposal, initially introduced by Buterin, suggests that RISC-V could streamline execution, improve efficiency, and simplify zero-knowledge proof implementation.

“We are exploring ways to bring forward projects that currently look three to five years away,” Stańczak noted, referencing possible acceleration in next-gen execution and consensus layer development.

RISC-V’s benefits include broader language compatibility and the potential for backward compatibility with existing EVM contracts. Developers could continue using Solidity and Vyper or expand into languages like Rust.

Additionally, RISC-V could improve validator performance through hardware-level customization, while maintaining core Ethereum features such as account models and contract interactions.

As research and experimentation continue, Stańczak emphasized the importance of community input: “Ethereum researchers often ask that readers recognize the exploratory nature of their posts and proposals. Focus remains essential.”

Ethereum (ETH) price chart on TradingView
ETH price is moving sideways on the 2-hour chart. Source: ETH/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView

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Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion

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Crypto analyst Incognito has predicted that the Ethereum price could soon rally to as high as $2,700. This bullish prediction comes despite ETH’s underperformance so far, with the altcoin’s market share already dropping to new lows.

Ethereum Price Could Rally To $2,700 As Wyckoff Accumulation Nears

In a TradingView post, Incognito predicted that the Ethereum price could witness a big move to $2,700 with the Wyckoff accumulation almost over. He remarked that if support holds, the ETH should see a breakout of the falling wedge. The analyst’s accompanying chart showed that $2,499 is the target for the falling wedge, while $2,700 is the second target that Ethereum could reach on this breakout. 

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However, Incognito warned that this could be a huge trap to shake out sellers, so he advised market participants to be looking to take profits. In the meantime, the Ethereum price could indeed break out to the upside, especially with the Bitcoin price attempting to reclaim the $90,000 level. 

Ethereum
Source: Incognito on Tradingview

The Ethereum price is likely to reach new local highs if Bitcoin can sustain this bullish momentum, given their positive correlation. In an X post, crypto analyst Ali Martinez remarked that this week would be big for ETH as the TD Sequential just flashed a buy signal, hinting at a potential shift in momentum.  

Martinez also raised the possibility of the Ethereum price recording a new bull rally. For that to happen, he mentioned that ETH needs to break the supply wall at $2,330. The leading altcoin could face significant selling pressure at that range, as 12.62 million addresses bought 68.63 million ETH around that range. 

ETH May Have Already Bottomed

In an X post, crypto analyst Titan of Crypto suggested that the Ethereum price has already bottomed or may be bottoming out. He revealed that the leading altcoin is progressing within a giant ascending channel on the macro chart. His accompanying chart showed that ETH could rally to as high as $4,200 following this bullish reversal. 

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Crypto analyst Hardy also echoed a similar sentiment, suggesting that the Ethereum price has already reached its bottom. He noted that ETH’s weekly candle close was bullish and a good indicator of a potential reversal at the key support level around its current price. His accompanying chart showed that Ethereum could rally to as high as $4,300 on this bullish reversal. 

Ethereum price reclaiming the $4,000 level could pave the way for a rally to a new all-time high (ATH). Crypto analyst Crypto Patel predicted that ETH could reach between $6,000 and $8,000 by the end of the year. 

At the time of writing, the Ethereum price is trading at around $1,639, up almost 2% in the last 24 hours, according to data from CoinMarketCap.

Ethereum
ETH trading at $1,644 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com



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Ethereum Analyst Sets $3,000 Target As Price Action Signals Momentum – Details

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Ethereum and the broader crypto market experienced a small but notable pump yesterday, reigniting hopes of a potential trend reversal after weeks of sustained selling pressure. As market uncertainty intensifies, driven largely by global economic tensions and geopolitical strain between the US and China, investors are closely watching for signs of a breakout.

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Despite the headwinds, analysts are starting to shift their tone. Some believe that the worst may be behind for Ethereum and that a strong move to the upside could be brewing. One of the most vocal among them is top analyst Carl Runefelt, who shared a bold outlook, suggesting that Ethereum “might go absolutely parabolic starting from here.” His analysis suggests that ETH is poised to break out from a daily descending trendline, which could serve as a key technical signal indicating va shift in momentum in favor of the bulls.

As Ethereum holds above critical support levels and inches closer to a potential trend reversal, traders and investors are now watching closely for follow-through confirmation. If volume and sentiment continue to build, this could be the beginning of a significant rally — one that may reset expectations for the rest of the cycle.

Ethereum Eyes Recovery Amid Rising Global Tensions

Global tensions and macroeconomic uncertainty continue to weigh heavily on investor sentiment, with the ongoing trade war between the US and China sending shockwaves through equities and high-risk assets. In the midst of this fragile backdrop, Ethereum has managed to find a solid support level around $1,500 and is now attempting to reclaim higher ground. After weeks of selling pressure that erased bullish expectations for the year, ETH is showing early signs of recovery.

Ethereum’s current price structure has become a focal point for market participants. The recent bounce from $1,500 marks a potential higher low, a technical setup often associated with trend reversals. If ETH can successfully push above the $1,700 mark and break the descending trendline, it could spark renewed momentum for bulls.

Runefelt shared an optimistic view, stating that Ethereum could go up really fast from here. According to his analysis, the next key price target sits at $3,000, assuming a confirmed breakout above short-term resistance levels.

Ethereum breaking out from descending triangle | Source: Carl Runefelt on X
Ethereum breaking out from descending triangle | Source: Carl Runefelt on X

Despite continued global risks, the Ethereum network remains fundamentally strong, with growing adoption in DeFi and real-world assets. If the breakout materializes and broader market sentiment stabilizes, ETH could lead the next leg of the crypto recovery.

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Price Faces Key Resistance As Bulls Struggle for Momentum

Ethereum is currently trading at $1,630 after another failed attempt to break above the $1,700–$1,800 resistance zone. This price range has acted as a major barrier over the past several weeks, limiting bullish momentum and keeping ETH locked in a broader downtrend. Bulls must reclaim the local high at $1,691, set last week, to signal a potential shift in structure and confirm the start of a recovery rally.

ETH trying to push above $1,700 resistance | Source: ETHUSDT chart on TradingView
ETH trying to push above the $1,700 resistance | Source: ETHUSDT chart on TradingView

A decisive move above $1,700 could open the door to a test of the $2,000 level, which would mark a significant psychological and technical milestone. However, the lack of follow-through on recent upside attempts reflects ongoing uncertainty across crypto markets, largely driven by macroeconomic tensions and risk-off sentiment.

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If Ethereum fails to gain strength above current levels, a retracement toward $1,500 is likely, with the possibility of further downside if selling pressure intensifies. This level has served as a critical support zone in recent weeks. Without a convincing breakout, ETH remains vulnerable to renewed weakness and deeper corrections. All eyes are now on whether bulls can build enough momentum to flip resistance into support and avoid another leg down.

Featured image from Dall-E, chart from TradingView 



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