Ethereum Breaks Multi-Year Consolidation

 #ETH managed to break out of its 3.5 year consolidation base over the weekend, which is quite bullish on an intermediate-term basis. As weekly charts show, the price managed to exceed both March and December 2024 peaks, bringing this to the highest levels since late 2021. This move effectively helps to surpass the resistance of this entire triangle pattern in my view. While I suspect that this initial breakout might have 2-3 weeks of upside before beginning September with some consolidation, it should be very bullish technically for the prospects of gains in #ETH between now and year-end...