Ethereum Breakout Potential: Traders Eye Ascending Triangle

Ethereum is poised for a potential breakout from an ascending triangle pattern, with increased trading volume signaling bullish momentum and driving the price towards $3,760. As of June 4, 2025, the ascending triangle’s resistance level at $2,800–$2,854 has spurred significant market activity. 49% surge in trading volume to $19 billion reflects the anticipation surrounding this breakout, but without any official comment from key figures like Vitalik Buterin or the Ethereum Foundation, the breakout’s implications remain unclear.