Ethereum Triangle Pattern Suggests Possible Breakout to $3,000

Ethereum's price is hovering around $2,550, forming a triangle pattern on charts that suggests it may break out to reach $3,000. This would represent an 18% gain from its current level.

Analyst Ali Charts notes that this pattern has previously led to significant price surges, including a 31% jump in just three days.

In addition, about 140,000 ETH worth $350 million have been withdrawn from exchanges over the past 96 hours. This indicates that some holders may be moving their assets to private wallets, reducing immediate selling pressure.