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Midday market review. Ethereum is showing a classic symmetrical triangle pattern, currently on the eve of a breakout.
From a trading perspective, the opportunity to enter in batches is between 3098 and 3080. Once it stabilizes above 3145, the upward potential opens up, with subsequent targets aiming at the 3190 to 3225 range. Conversely, if it breaks below 3050, it’s time to cut losses decisively.
The current situation is that the price is oscillating between 3080 and 3145. The key is whether it can effectively break through 3145—once it breaks and stabilizes above, confirming bullish momentum, the upside space will be truly unleashed. In other words, 3145 is the critical line for this wave of market movement.