Recently, Ethereum $ETH price successfully broke through a key symmetrical triangle pattern, sparking market discussions. 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 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, and despite a slight decline in the cryptocurrency, market sentiment remains bullish. In sync with this, the blockchain tracking system #WhaleAlert has detected significant Ethereum transfers to Coinbase, suggesting that large investors are stepping up their actions. This notable whale activity includes a transfer of approximately £3380 million worth of 12590 ETH tokens.