Ethereum’s Triple Bottom Pattern Signals Potential Breakout

Ethereum is displaying a potential breakout opportunity with its triple bottom pattern near $4,230, potentially exceeding the resistance at $4,540. This follows a significant surge in stablecoin supply on Ethereum reaching a record high of $172.2 billion. Analysts predict a possible price jump to targets between $5,800 and $6,200 later this year. The triple bottom pattern shows three bounces around $4,230, suggesting that selling pressure has lessened. Traders see the $4,540 level as critical for confirming the pattern’s success and driving further gains.