Ethereum Falling Wedge Breakout Signals Potential $5,000 Target with Robust Network Metrics
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Ethereum has confirmed a falling wedge breakout on the daily chart, signaling potential upside toward a $5,000 target amid robust network activity and positive on-chain metrics. Ethereum confirms falling wedge breakout with projections aiming for $5,000 based on technical analysis. Strong network activity persists, evidenced by rising DeFi TVL and stablecoin supply ratios. On-chain data reveals $68.623 billion in DeFi TVL, with chain fees at $313,405 over the last 24 hours, per DeFiLlama metrics. Ethereum falling wedge breakout confirmed: ETH eyes $5,000 target with surging network activity and Fusaka upgrade. Stay ahead of crypto trends—explore Ethereum’s bullish signals today. (142 characters) What is the Ethereum Falling Wedge Breakout and Its $5,000 Target? Ethereum falling wedge breakout refers to a bullish chart pattern where ETH price consolidated within converging trendlines before breaking upward above the upper boundary. This confirmation occurred after multiple daily closes above the resistance, supported by increased trading volume. The pattern’s measured move projects a target near $5,000, aligning with historical breakout behaviors in cryptocurrency markets. How Does Ethereum’s Network Activity Support This Breakout? Ethereum’s on-chain metrics demonstrate sustained demand during the breakout phase. DeFi total value locked stands at $68.623 billion, reflecting a 3.71% increase in the past day, according to DeFiLlama. Stablecoin market capitalization on the network reaches $166.412 billion, underscoring liquidity inflows. Daily chain fees totaled $313,405, with revenue at $25,148 and broader metrics showing $698,659 in activity. Decentralized exchange volume hit $1.831 billion, while perpetual futures volume reached $2.972 billion. Inflows amounted to $137.79 million, and active addresses surpassed 527,225. Bridged TVL is reported at $452.145 billion, and NFT trading volume stands at $2.66 million. These figures indicate robust ecosystem utilization, bolstering the breakout’s validity. The recent Fusaka upgrade enhances data availability and block space efficiency, following successful testnet deployments. This development reduces congestion…
Filed under: News - @ December 6, 2025 5:21 am