Ethereum (ETH) has continued to attract strong investor interest despite minor intraday fluctuations, with a 24-hour trading volume of $17.05 billion and a current trading price of $2,487.15. The cryptocurrency has gained 2% over the past 24 hours and recorded a remarkable 30.45% increase over the past month, indicating sustained bullish sentiment from both retail and institutional participants. This month-long uptrend underscores growing market confidence and positions Ethereum as a frontrunner among large-cap digital assets.
Symmetrical Triangle Pattern Suggests Impending Breakout
Technical analysis of Ethereum’s 12-hour chart reveals a symmetrical triangle formation—a classic pattern often preceding continuation moves. After a sharp rally in early May, ETH entered a consolidation phase, trading within tighter ranges. The coin recently rebounded from support at $2,460 and is now advancing toward a critical resistance zone between $2,670 and $2,700. This level also forms the upper boundary of the triangle and has previously triggered sell-offs. However, the compressing structure of the pattern suggests that a decisive breakout could be imminent within days, potentially ending the current market indecision.
$ETH #Ethereum to test resistance around $2700 – $2670
— The Cryptomist (@Thecryptomist) June 6, 2025
Clean break and we head to $3300#Alts will follow! https://t.co/5dQiUxQPRA pic.twitter.com/JdeU0K0ewg
Traders Eye $3,300 Target as Key Levels Come Into Focus
Should Ethereum break through the $2,700 resistance, technical projections based on the triangle’s height indicate a potential rally toward the $3,300 level. This bullish scenario would likely be supported by a surge in buying volume, reinforcing Ethereum’s upward momentum.
On the downside, failure to breach resistance could drive ETH back toward the support range of $2,430 to $2,250—a critical zone that may invite renewed selling pressure. As ETH nears the apex of its triangle formation, traders are closely watching for shifts in volume and momentum to determine the asset’s next major move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: Ethereum ETFs See $11M Inflows as ETH Eyes Recovery
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