Ethereum has confirmed a major breakout from an ascending triangle pattern on the monthly timeframe—a bullish technical formation that often signals the start of extended uptrends.
This breakout is significant because ascending triangles typically form during accumulation phases, where buyers gradually overpower sellers. On a higher timeframe like the monthly chart, the pattern’s breakout can lead to multi-month rallies.
With $ETH ETH now trading above the resistance zone, analysts expect the uptrend to continue in the coming months, supported by strong on-chain data, staking growth, and rising institutional interest.
If momentum holds, $ETH Ethereum could be gearing up for its next major leg higher—leaving latecomers chasing the rally.
