📈 1. Price Performance and Key Breakouts

  • Intraday increase: Ethereum ($ETH) is priced at $2,726.78 today, with a 24-hour increase of 3.77% (+$99.15), peaking at $2,788 and dipping to $2,610 support.

  • Short-term trend: Accumulated increase of 48.79% over the past 30 days, 7-day increase of 2.38%, continuing the rebound that started from the low on May 8 ($1,811).

⚖️ 2. Technical Pattern Analysis: Ascending Triangle Breakout

On the 4-hour chart, ETH confirms the breakout of the 'ascending triangle' structure, characterized by higher lows (support trend line) and horizontal resistance (between $2,713 and $2,737). In today's early session, ETH broke through the resistance area with volume, releasing bullish continuation signals. If it can hold this area on a pullback, the technical target points to $3,125 (potential 15% increase); if it is a false breakout, it may retrace to trend line support (around $2,510).

💹 3. Market Sentiment and On-chain Data

  • Long and short game: In the past 24 hours, $232 million in cryptocurrency liquidations occurred across the network, with Ethereum's open contracts increasing by 4.46%, indicating intensified long-short divergence.

  • Greed sentiment intensifies: The Crypto Fear and Greed Index rises to 74 (Greed), with institutional interest boosted by the 'Pectra upgrade' (improving staking experience) and expectations of a weaker dollar.

🎯 4. Key Resistance and Support

  • Upward target: $3,125 (pattern measurement target), yearly high of $3,743.

  • Recent support: $2,713-$2,737 (breakout turned support), $2,510 (trend line).

📊 5. Technical Indicator Signals

  • Comprehensive rating: TradingView's short-term technical indicators give a 'Strong Buy' signal, with ratings of 'Buy' for both 1 week and 1 month.

  • TD Sequence: Buy signal appears on the hourly chart, combined with a rebound at the lower channel, reinforcing short-term bullish logic.

💎 Summary: #ETH Breakthrough of key patterns combined with improved market sentiment, likely to continue the upward momentum in the short term. Need to pay attention to the effectiveness of the $2,737 area and the target of $3,125; macro tariff policy easing (tariffs from the Trump era overturned by the court) also provides support for risk assets.