- Ethereum is consolidating between $2,500 and $2,800 with declining volume and reduced volatility.
- The asset is approaching the apex of a multi-year symmetrical triangle pattern.
- A breakout above $3,500 could trigger a rally toward $12,000.
- If support at $2,500 fails, a deeper correction may occur before any breakout.
Ethereum (ETH) has remained relatively quiet in recent weeks, consolidating between the $2,500 and $2,800 range. After a strong rally in early May that lifted the asset above $2,400, momentum slowed, and ETH entered a sideways trend. This phase of consolidation has been marked by narrow daily candles and wicks on both ends, signs of indecision in the market.
Trading volume has also declined since the initial surge, suggesting traders are waiting on the sidelines for a clearer direction. With buyers and sellers locked in a stalemate, Ethereum has managed to preserve its gains, an encouraging sign for bulls looking ahead.
$3,500 Breakout Could Launch Ethereum Toward $12K
This calm, however, may be the prelude to a major move. According to popular crypto analyst Captain Faibik, Ethereum is moving within a multi-year symmetrical triangle pattern that has been developing since early 2021. He believes ETH is now nearing the apex of this structure and expects a decisive breakout within the next one to two months.
“This is the accumulation phase,” Faibik emphasized on social media. “As long as Ethereum remains inside this triangle, it’s a golden opportunity to stack. Once the breakout happens, the train won’t wait.”
Faibik points to $3,500 as the critical level. A monthly close above this price would signal a confirmed breakout from the triangle pattern and could set Ethereum on a powerful uptrend. From there, he projects a long-term target of $12,000, a move that would represent nearly a 5x increase from current levels.
Faibik’s prediction is based on historical technical behavior and the strength of long-term accumulation. Symmetrical triangles often act as continuation patterns, and with ETH holding higher lows for over three years, the setup leans bullish.
The next couple of months will be crucial. If Ethereum can break above resistance with strong volume, the market could witness the start of a major bull run. But if the support near $2,500 gives way, a deeper correction may unfold before any significant breakout occurs.
Read More: XRP Surge As Webus Files Form 6-K With SEC for $300M Treasury Management Plan
