Recently, Ethereum's price of $ETH successfully broke through a key symmetrical triangle pattern, sparking heated discussions in the market. Cryptocurrency analyst 'TheMoonCarl' pointed out on the X platform that this technical pattern began forming in August 2024 and peaked in December. However, during this process, Ethereum has already broken through the upper trend line of the triangle, indicating a possible bullish breakout. The target price set by TheMoonCarl is $3400.

Currently, Ethereum is trading at approximately $2548.9. Although this cryptocurrency has experienced a slight decline, the market sentiment remains bullish. Concurrently, blockchain tracking system #WhaleAlert has detected significant Ethereum transfers to Coinbase, suggesting that large investors are taking action. This notable whale activity includes a transfer of approximately $33.8 million worth of 12,590 ETH tokens.