Ethereum has been stagnant for two months, and finally there is some movement. During these two months, ETH has been like being tied by two ropes—above is the $3,260 ceiling, below is the support floor, with the price repeatedly testing within this symmetrical triangle range. This kind of consolidation is quite common; the market is resting, waiting for institutional funds and retail investors to reach a consensus.

Today’s breakout has arrived. ETH broke through the key resistance at $3,260, and trading volume has increased, indicating it’s not just a false move. If the price can hold above the 200-day moving average, the upward space opens up—targeting $3,700 in the short term is no problem, which will be the next real test.

But here’s the truth: a breakout doesn’t mean soaring to the sky. Buyers need to hold the support. If the support level doesn’t hold, ETH could revert to its previous form, falling back below the triangle to continue consolidating. Investors should not be blinded by the breakout; whether the key support can hold is everything.

Currently, Ethereum is in a decisive few days. For conservative investors, it’s better to wait for a more confirmed breakout before entering; impatient traders can set stop-losses at key support levels and try small positions to test the waters. Risk awareness must not be lost.