Ethereum stands on the verge of a significant technical breakthrough as it tests the crucial $3,500 resistance level. A decisive breakout would confirm a multi-year triangle pattern and potentially activate a long-term bullish trajectory targeting $12,000.
Market momentum is strengthening through extraordinary stablecoin inflows, with Ethereum attracting over $583.8 million within 24 hours. This capital influx notably exceeds flows into competing layer-1 networks including Solana, Tron, and BNB Chain, highlighting Ethereum’s continued institutional appeal.
Technical analysis reveals strengthening fundamentals on Ethereum’s monthly chart, with rising trading volume and robust support established around the $2,000 level reinforcing bullish sentiment. The convergence of substantial capital inflows with this prolonged technical formation positions Ethereum to potentially lead the next altcoin market cycle.
Investors are advised to monitor Ethereum’s ability to sustain price action above $3,500 as confirmation of the pattern breakout. Such validation would solidify projections for Ethereum’s long-term appreciation cycle.