Ethereum price continues to consolidate in a key area today. According to Gate market data, ETH/USDT is currently at $3178.95, with a 24-hour increase of 1.35%. This extends the rebound momentum since January 2nd, with the price approaching the upper boundary of a nearly two-month-long descending pattern. Technical analysis by Ethereum Saint suggests that the current price is at a critical point for a breakout. If it can successfully break through and stabilize above the pattern resistance at around $3287, the short-term upside target could reach approximately $3447. More optimistic theoretical calculations indicate that if the pattern breakout is confirmed, the subsequent increase could be up to 29.5%, with a target of $4061. Of course, if the breakout fails, the price may retest the support at $2900.