ETH Breakout Looms: $3,317 in Sight?

3 mins mins

Key Insights:

ETH forms a symmetrical triangle, showing reduced volatility and increasing likelihood of a sharp price move.
Large ETH inflows to exchanges raise short-term caution despite price holding above key support.
Technical indicators mirror a prior rally setup, placing the $3,317 level firmly on traders’ radar.

Ethereum (ETH) was trading around $3,240 and showing signs of a breakout. On the 1-hour chart, a symmetrical triangle has formed, showing a period of low volatility and tighter price action. This pattern often appears before a sharp move in either direction.

Key levels based on Fibonacci measurements include $3,293 (0.5), $3,328 (0.618), and $3,379 (0.786). A full 100% extension points to $3,317, which is being closely watched as the next upside target. If the price breaks above the triangle, this zone may come into play. If the move is downward, the next areas of interest are $3,150 and $3,050.

$ETH price is getting squeezed, suggesting an imminent breakout.⬆️⬇️
The ideal upside target is the 100% Fibonacci extension level at $3,317. pic.twitter.com/qM0KAJllzv
— Man of Bitcoin (@Manofbitcoin) December 12, 2025

Exchange Inflows Suggest Caution

Over the past day, roughly 60,000 ETH—worth about $200 million—was sent to exchanges, based on data from Santiment. This shift is often linked to traders preparing to sell, especially when inflows rise suddenly.

Along with this, the total ETH held on exchanges also climbed. The fact that these funds remained on trading platforms rather than being withdrawn supports the idea that some traders could be positioning for exits. Despite the movement, ETH has held above $3,240, though near-term pressure may increase if more selling follows.

60,000 Ethereum $ETH, worth nearly $200 million, moved to exchanges in the last 24 hours, per @santimentfeed. pic.twitter.com/A9b3Iov9n3
— Ali (@alicharts) December 12, 2025

Technical Structure Mirrors Past Price Move

On the higher time frame, ETH is showing a rounded bottom. This pattern was also present before the last major rally that started near $1,385 and led to its previous high near $4,956. Alongside this, the moving averages are beginning to turn upward—a similar setup seen before that run.

The MACD indicator has also flipped, with the MACD line moving above the signal line. This setup has matched past moves where ETH picked up momentum. These similarities have drawn attention from market watchers.

One post said’,

“ETH is recreating the same setup it printed right before its last ATH.”

Traders Watch for Direction

The current chart setup was balanced. The triangle pattern shows that the market is coiling, but direction is not confirmed. With price near $3,240 and the 100% extension target at $3,317, traders are watching closely for a breakout.

Any clear move backed by volume could trigger a strong price shift. Until then, the market remains on alert.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.