The 1-hour chart shows $ETH currently consolidating slightly below its recent high. It's defending the MA(7) ($3,621) as immediate support. The hourly RSI at 66.16 has cooled off a bit, indicating some profit-taking or a temporary pause.

What happened now? $ETH has just delivered a monumental eruption, decisively breaking above critical multi-month resistance levels! This powerful surge has propelled Ethereum into new territory, cementing its position as a major leader in this bull cycle. The charts scream bullish intent, but after such an explosive move, a healthy re-calibration is often on the cards.