Ethereum coils in multi-year ascending triangle with $4,500 resistance; 4h chart shows $2483.51 price testing EMA50 amid bearish MACD.

Whale 0x2684 buys 7,919.5 ETH ($14.89M) today, lifting total to 74,265 ETH ($131.5M) at $1,771 average since June 30 alongside 1,050 WBTC.

According to @CryptoMichNL, ETH is positioned for a strong upside breakout once price moves through the $3,050-$3,150 resistance zone, with lower time frames showing strengthening momentum; source: @CryptoMichNL on X, Dec 29, 2025. On a successful break of that zone, the cited upside objective is $3,700, offering a clear momentum-continuation target for traders; source: @CryptoMichNL on X, Dec 29, 2025. Trade setup framing from the source highlights using a move through $3,050-$3,150 as the breakout trigger before aiming for the $3,700 objective; source: @CryptoMichNL on X, Dec 29, 2025.