Ethereum approaches a pivotal technical breakout above $3,500, supported by substantial institutional inflows, bullish chart formations, and declining exchange supply. A symmetrical triangle consolidation pattern formed over multiple years could resolve with a confirmed monthly close beyond this threshold, signaling major upside potential.
Institutional confidence remains robust as Ethereum ETF inflows exceed $5 billion. On-chain data reveals decreasing ETH supply on exchanges, indicating significant holder accumulation. These fundamental factors converge to reduce immediate selling pressure.
Technical analysis projects intermediate price targets at $4,885, $5,625, and $6,870 should the breakout materialize. The triangle pattern’s measured move suggests a long-term objective near $12,000. Market sentiment aligns with diminishing volatility indicators, though a decisive monthly settlement above $3,500 remains critical to validate upward price momentum.