$ETH $ETH

In recent days, Ethereum ($ETH) has been undergoing a consolidation phase after surpassing $3,100. Many traders, including myself, are paying attention to the formation of a symmetrical triangle on the 4-hour chart, which may indicate a strong movement soon.

Despite macroeconomic uncertainties and interest rates in the US, Ethereum has remained relatively stable, thanks to the steady growth of layer 2 solutions and the development of Ethereum 2.0, which is now advancing to new scalability tests.

Personally, I continue to hold part of my portfolio in ETH as a store of value and use the rest for short-term swing trades. The potential of ETH is still immense, especially with the strengthening of its security and its community of developers.