Ethereum’s price has started to surge again, igniting speculation of a potential major breakout. With the current ETH price hovering around $2,617, this move may seem modest, but when viewed in the broader market context, it paints a compelling picture. A new chart shared by Carl Moon on X shows Ethereum forming a prominent symmetrical triangle pattern, which often precedes explosive surges. If this pattern plays out, the target could be as high as $8,000 – a remarkable 137% rise from current levels. ⏰ Adding to this excitement is the timing: we’re nearing the apex of the triangle, and ETH has already bounced off the lower trendline. This suggests a period of decisive movement in the coming months. 📈 The chart depicts a potential breakout scenario where Ethereum first rises above the triangle, comes back down for retest, and then gains momentum to soar towards $8,000 – a price point unimaginable just a few weeks ago.