Looking at $ETH's daily chart, the recent performance has been quite interesting. The price is currently stuck in the $3220-$3225 range, with six consecutive bullish candles. Not only has it broken through the 60-day moving average resistance, but it has also stabilized above the key support level of 3200.

From a technical perspective, ETH is now trapped in an increasingly tight wedge pattern — starting from the low on November 21, forming a clear upward trendline, but being firmly pressed down by a descending resistance line formed by the highs from September to October. How should we interpret this converging triangle pattern? Usually, it signals a major breakout before a big move. Once the direction becomes clear, the subsequent rally often correlates with the volatility during the consolidation period.

Now, it's just a matter of waiting for this moment — either a breakout to new highs or a breakdown below support — the directional move is right in front of us.