#ETH Market Analysis (4H)

Currently, Ethereum's four-hour chart shows a sideways consolidation state, with prices oscillating between the Fibonacci levels of 0.382 and 0.236, specifically in the range of 3270-3430. Early this morning, the price briefly tested around 3430 but failed to break through, and it is still consolidating within that range. These two points need to be closely monitored tonight.

In terms of trend: the current bottom is in a sideways range, and there is a triangular consolidation pattern on a smaller scale, which is nearing a key breakout zone. Attention should also be paid to the rebound resistance around 3560, as this will determine the direction of the market moving forward. Ethereum may be ready to initiate a strong upward movement!