Ethereum Breakout Potential on the Horizon: Symmetrical Triangle Nears Resolution

Ethereum is poised for a potential breakout as it tightens within a symmetrical triangle pattern, with key levels at $4,100 and $4,500 marking the apex of the formation. Recent ETF inflows, totaling $44.2 million on September 9th, suggest a shift towards greater investor confidence. This aligns with the surging Ethereum network activity, which is leading in daily blockchain fees, earning nearly $1.4 million in the last 24 hours. Analysts believe that if price breaks above the upper trendline of this triangle, it could signal a continued upward momentum. Conversely, if ETH falls below $4,100, this could expose the market to broader downside risks.