$ETH ETH is currently trading around the $3,600 mark after failing to break above the $3,750 resistance level. There’s visible consolidation forming a potential bullish flag pattern on the 4H chart. If we get a confirmed breakout above $3,750 with strong volume, it could initiate a move toward $4,200. Ethereum’s fundamentals remain strong, especially with increased institutional interest and Layer 2 adoption growing rapidly. However, gas fees and network congestion still remain concerns. Keeping an eye on Bitcoin's movement is also important as it heavily influences ETH’s price action. Risk management and proper trade planning are crucial in current market conditions.
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