币界网报道：Ethereum has entered an expansion phase following the completion of a "Power of Three" technical pattern, signaling potential bullish momentum. Analysts note that ETH's price action formed three consecutive higher lows and higher highs, a classic indicator of accumulation before a breakout. The cryptocurrency recently surpassed the $3,500 resistance level, with traders eyeing the next key target at $4,000. Market sentiment is further buoyed by Ethereum's upcoming network upgrades, including the transition to proof-of-stake consensus. On-chain data reveals increased accumulation by large holders, while exchange reserves continue declining, reducing sell pressure. Derivatives markets show growing open interest in ETH futures, though funding rates remain neutral, avoiding excessive leverage concerns. If the breakout holds, analysts suggest ETH could retest its all-time high near $4,900, though macroeconomic factors may influence the broader crypto market trajectory.