$ETH is currently trading around $3,366.52, with a 5.99% increase in the last 24 hours .
*Key Highlights:*
- *Price Movement*: ETH is consolidating within a symmetric triangle pattern, indicating a potential breakout.
- *Resistance*: $3,500-$3,800 zone is crucial; a breakout could target $4,000.
- *Support*: $2,900-$3,000 zone is key; holding above this level is bullish.
- *Institutional Interest*: Standard Chartered predicts ETH could hit $7,500 by 2026 and $30,000 by 2029.
- *Upgrades*: Upcoming Glamsterdam and Hegota upgrades aim to improve scalability and decentralization ¹ ² ³.
*Technical Analysis:*
- RSI is neutral, and MACD shows bullish momentum.
- Whale activity indicates accumulation near $3,000.
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