Ethereum price analysis: Breakout and breakout - Intra day falling wedge and daily triangle

Intra day 15-minute shows falling wedge breakout.
Price broke out of a triangle on Thursday.

Manoj B Rawal Independent Analyst

Ethereum bulls are in a sweet spot as the technical parameters favours them. The price of the second largest cryptocurrency has broken out of two patterns on intra day 15-minute chart as well as daily chart, not a common sighting.

ETH/USD is up more than 2 percent at $507 and more than 26 percent for the week. This rally got further boost on Thursday when the price broke out of a triangle pattern on the daily chart. If that wasn't enough of a reason for bulls to party, there's a falling wedge breakout on the intra day 15-minute chart too. Icing on the cake is MACD moving into the positive zone on the intra day and nearing zero line on the daily.

For the triangle breakout, price target comes to around $1150-1200, while for the intra day falling wedge breakout, the price target comes to around $540. Immediate resistance is around $522 and the support around $502 and $475.

ETH/USD daily chart:

ETH/USD intra day 15-minute chart:

Author

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.