Ethereum (ETH) eyes $3400 after exiting long-term channel

Ethereum (ETH) breaks resistance trendline, targets a potential rise to $3400.

ETH's recent surge from $1,522 to $2,251 marks a 47.8% increase.

Technical patterns suggest potential resistance or further rally past $3000.

Ethereum's staked realized price crossing $2K strengthens its market position. 

Bollinger Band and Average Directional Index indicate strong buying momentum and possible minor pullbacks.