**Ethereum: Ready to Launch Again! 🚀**
- Ethereum has just experienced a bullish moment, breaking through the $3K resistance zone which is now a solid fortress. However, when trying to approach $3.5K, ETH slipped and retreated for a moment.
- Don't worry, this is not a soap opera drama! This pullback towards $3K could actually be a stepping stone for a higher jump. With RSI at 62.26, ETH still has room to soar before being considered "overstuffed".
- On the 4-hour chart, ETH is still showing a "higher highs" and "higher lows" pattern. This consolidation around $3K could be a warm-up before ETH tries to break through $3.5K again.
- In the futures market, the funding rate is increasing, indicating trader optimism. Even so, there are no signs of the market being too speculative.
What do you think? Will ETH break through $3.5K or will it plunge? Write your thoughts in the comments column!