The Ethereum price today is holding above $3,430 after a steep rally that followed a breakout from a multi-month cup and handle pattern. Price surged past $3,100 earlier this week and is now approaching a key zone near $3,500. Traders are watching closely to see if this upside continuation holds or if a temporary pause sets in at resistance.

What’s Happening With Ethereum’s Price?

The daily chart shows a clear breakout above the handle structure of the large cup and handle pattern, with Ethereum price climbing from the $3,100 neckline into open air. This pattern confirms a structural bullish reversal with projected targets between $3,700 and $4,100 based on measured move theory. The weekly chart also reveals a clean breach of the 0.618 Fibonacci retracement at $3,177, with ETH now moving toward the 0.786 Fib level at $3,525.

From a volume and structure perspective, price has invalidated the previous CHoCH (change of character) and reclaimed major liquidity zones. The Smart Money Concepts chart shows a clean BOS (break of structure) above the prior weekly high, alignin…

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