From a technical standpoint, Ethereum maintains a bullish pennant figure, typical of consolidation after a strong impulse. This pattern usually indicates a pause before the price resumes the main trend, in this case upwards.

Currently, the most relevant immediate supports are found between $3,480-$3,400, levels that have shown strength in recent sessions. If the price manages to stay above this zone, the bullish bias would remain in effect, favoring a rebound towards higher levels.$ETH