🔷Ethereum continues its steady ascent, breaking out of a multi-month “cup and handle” pattern and holding firmly above $3,430. The confirmation of this technical breakout is supported by rising volume and increased open interest in the futures market, indicating strong buyer demand. The price remains well above key EMAs and the upper Bollinger Band, underscoring the strength of the current momentum.
🔷The next target is the $3,525 zone, which aligns with the 0.786 Fibonacci level. A successful break above this mark could accelerate the move toward $3,715 and $4,100. Despite signs of short-term overbought conditions (RSI above 70), the overall sentiment remains bullish as long as ETH stays above $3,100.