Ethereum News Today: Ethereum near $3,860 ahead of key breakout from multi-year triangle pattern

Ethereum (ETH) is currently trading near $3,860, positioned just below a critical multi-year resistance trendline. Technical analysis suggests the cryptocurrency is attempting a major breakout from a symmetrical triangle, a pattern that has defined price movements since late 2021. If this breakout is confirmed, it could propel ETH toward new all-time highs [1].

On the weekly chart, Ethereum is approaching the apex of the triangle, with upper trendline resistance near $4,100 being retested following a sharp rebound in mid-2025. The Fibonacci retracement from the $1,385 low to $4,106 high places ETH near the 0.786 level, a common area for breakout acceleration [1].

Daily charts indicate ETH has broken above the 20/50/100/200 EMAs, and the Bollinger Bands have expanded sharply, signaling increased volatility. Price remains above the upper band near $4,165, suggesting short-term overextension but underlying strength. The RSI is at 80.58, reflecting strong bullish momentum, while the MACD remains positive, though its histogram is flattening, hinting at a potential cooling phase [1].

Technical indicators across multiple timeframes support a bullish outlook for 2025. Ethereum has reclaimed key EMAs and is breaking out of a year-long consolidation phase. The RSI remains above 70 on several timeframes, indicating a strengthening trend. On-chain demand zones between $2,800 and $3,200 have been absorbed cleanly, and liquidity voids above $4,100 may facilitate a sharp move into price discovery, especially if ETH exceeds its previous all-time high near $4,800 [1].

Smart Money Concepts (SMC) analysis reveals recent break-of-structure (BOS) signals, with price reclaiming the March 2024 inefficiency zone between $2,500–$3,200. The current push has brought Ethereum into a key liquidity block between $3,800 and $4,100. If this range is successfully cleared, a continuation to $4,600 or higher by year-end remains likely [1].

If Ethereum holds above $3,400 in the near term, the probability of a sustained breakout remains high. Analysts have outlined potential price targets from 2025 to 2030, projecting a steady climb over the years. In 2025, ETH could trade as low as $2,800, average $3,900, and reach a high of $4,800. By 2030, the range is projected to be between $9,600 and $22,000 [1].

For 2026, Ethereum may see increased network upgrades and institutional adoption, potentially pushing it toward $6,800 if it reclaims the $5,000 level and confirms support above $4,400. In 2027, broader integration of crypto infrastructure into fintech systems could drive ETH toward $9,400, assuming staking participation and liquidity conditions remain favorable.

By 2028, Ethereum could serve as the default settlement layer for DeFi and tokenized assets, with further gas optimizations potentially pushing prices to $12,500. In 2029, new integrations in CBDCs and on-chain securities might support a price move toward $16,800 if structural strength is maintained above $10,000. By 2030, Ethereum could be a core component of global digital infrastructure, with potential for a $22,000 price target if user adoption scales into mainstream finance [1].

Ethereum’s current technical structure supports a bullish continuation. A confirmed breakout from the symmetrical triangle could set the stage for a multi-year uptrend, potentially reaching $20,000–$22,000 by 2030. Traders are advised to monitor the $4,100 breakout level and the $3,200–$3,400 demand zone for confirmation of near-term strength [1].

Source: [1] Ethereum (ETH) Price Prediction 2024-2030: Will ETH Price Hit $10,000 Soon? (https://coinedition.com/ethereum-eth-price-prediction/)