Ethereum has extended its rally, holding above the $3,160 level for five consecutive days with approximately 5% gains over the week. The key resistance zone sits between $3,160 and $3,300, while the $3,130 triangle formation presents a critical support area—traders are monitoring these levels closely for potential breakout signals.

On the pair front, ETH/BTC has cleared a significant trendline resistance, now trading near 0.034. Market analysts are increasingly bullish on Ethereum's relative strength versus Bitcoin if these key technical levels remain intact. The question now is whether ETH can sustain its momentum and decisively break above that $3,300 ceiling, which could signal stronger outperformance ahead.