$ETH has broken out from its recent consolidation phase on the 15-minute chart, surging past 3020 with strong bullish momentum.

The breakout, confirmed by a significant volume spike, indicates potential further upside, especially if it sustains above the 3028 resistance level.

The 25-period SMA (2959) acted as support during the consolidation and remains a crucial level to watch.

Traders should monitor for continued volume support and any reversal patterns that could signal a shift.