Ethereum (ETH) has surged past a key resistance level, breaking out of a symmetrical triangle pattern. This breakout, coupled with a 1.618 Fibonacci extension, suggests strong upward momentum and a potential target near $7,367. Bullish retests of this breakout zone further solidify the bullish trend. Analysis by cryptocurrency expert Mags (@thescalpingpro) highlights a chart spanning from 2021 to 2025 showcasing ETH’s stabilization above a rising trendline with the next major resistance near $7,367. 1.618 Fibonacci extension level supports this prediction. Analysts suggest that if momentum builds, the cryptocurrency could break through the resistance and reach this price point. The breakout signals bullish behavior following a period of consolidation.