Ethereum is currently at a classic technical crossroads. The daily chart shows that ETH price has formed a symmetrical triangle consolidation pattern around $3,090 - $3,100. The upper resistance of this pattern is formed by gradually descending highs (around $3,300 - $3,350), while the lower support is formed by gradually rising lows (around $2,850 - $2,900). This pattern indicates that market volatility is shrinking rapidly, with bulls and bears temporarily balanced. Historical data shows that such patterns have about a 60-70% probability of continuing in the previous trend direction upon breakout, but false breakouts are also common. The key short-term resistance is around $3,180. If successfully broken, it could signal a move towards testing the $3,250 - $3,300 resistance zone.