Ethereum Breakout Looms as Wedge Strengthens Amidst Market Volatility

Ethereum is on track for a breakout above $2,950, fueled by bullish patterns and rising open interest despite heightened geopolitical volatility. A Descending Broadening Wedge breakout has triggered a significant rally, with Ethereum now consolidating near key resistance at $2,700. This bullish momentum is supported by increasing open interest in derivatives markets, indicating strong confidence from institutional traders.