The recent price movement of Ethereum shows a clear ascending triangle pattern, currently approaching the key breakout point in the 3750-3860 range.

Since mid-June, Ethereum has been steadily advancing along an upward trend line, maintaining strong momentum after experiencing multiple fluctuations. This price movement, which consolidates at a high level without falling and instead rises, reflects strong buying power in the market and an optimistic sentiment among investors.

From the perspective of trading volume analysis, although the recent K-line fluctuations have been limited, the overall trend still shows a characteristic of shrinking trading volume during corrections and expanding trading volume during rises. This indicates that high-level chips are gradually being locked in, suggesting that the market may continue to strengthen in the future.

For trading strategies, investors can pay attention to whether the 3700-3720 range stabilizes. If support is found in this range, one might consider establishing a long position, with an initial target set in the 3780-3820 range. If there is a strong breakout, one can add to the position, with further targets looking towards 3880, and even the potential to break the 3900 barrier.

It is worth noting that recently the trading volume of Ethereum has surpassed that of Bitcoin, indicating that investor enthusiasm for Ethereum is on the rise. At the same time, the altcoin market has also begun to show activity, which may signal the arrival of a new round of small-cap coin trends. However, investors still need to be cautious about market risks and closely monitor the movements of large holders (whales), as well as the price movements of other mainstream cryptocurrencies like BTC and BNB.