Ethereum Holds Above $3,473 Amid Consolidation Exit, Targeting Potential Breakout Toward $30,000

Key Points

1. Ethereum has exited its third major consolidation phase, trading above $3,473 with resistance at $3,550–$3,825, critical for confirming a breakout.

2. Whale activity includes deposits of over 26,000 ETH ($93.6M) to exchanges and transfers of 2,300 ETH by Arthur Hayes to Binance and B2C2, indicating market stabilization.

3. Technical indicators show the 0.236 Fibonacci retracement level at $3,511 holding firm, with RSI at 54, suggesting potential bullish momentum if $3,825 is breached.

4. Liquidations have declined sharply, with $113M in outflows, signaling a shift toward accumulation and renewed buying interest.

5. A decisive breakout above $3,550–$3,825, supported by rising volume, could challenge previous highs near $3,950 and set new records.