Ethereum is undergoing a consolidation phase after being rejected near the important resistance level of $3.5K. Currently, ETH may pull back to the $3K range, coinciding with the 200-day moving average, laying the groundwork for the next bullish wave.

- **Daily Chart**: Ethereum has surpassed the $3K resistance zone, now acting as an important support level. However, resistance near $3.5K has triggered a pullback to $3K. If it holds, the price could continue to rise, targeting new resistance levels.

- **4-Hour Chart**: The bullish structure remains solid. After a strong rally, the price encountered resistance at $3.5K and is consolidating around $3K. RSI is at 52, indicating neutral momentum. ETH may continue to consolidate or prepare to challenge the $3.5K level. 🚀