Ethereum Holds Key Support as Four-Year Triangle Breakout Suggests Potential Upside Toward $12,300

Key Points

1. Ethereum's breakout from a four-year triangle pattern is confirmed by holding the $3,500–$3,600 support level.

2. The On-Balance Volume (OBV) indicator shows an upward trend, indicating sustained accumulation and supporting the bullish outlook.

3. Technical analysis projects a long-term price target of $12,300 if Ethereum maintains support above $3,500–$3,600.

4. Volume and OBV trends reinforce Ethereum's uptrend, with consistent accumulation even during price pullbacks.

5. Analysts emphasize the importance of the $3,500–$3,600 support zone for Ethereum's continued upward trajectory.