$BNB The crypto market is currently witnessing an impressive breakout of Ethereum (ETH), rising nearly 8% to $2064 with daily trading volume surging to $17.4 billion.

One of the main reasons for the strong price increase of ETH is the successful breakout of the ascending triangle pattern. After dropping below $2K on March 10, ETH began to form higher lows and test the resistance area of $1950.