Ethereum saw a surge in buying activity as it found strong support at the critical $3.5K level, triggering an uptrend. 🚀 However, the $4K resistance remains a significant hurdle for ETH buyers to overcome in the medium term.

Technical analysis shows that Ethereum is consolidating in the $3.5K-$4K range. A successful $4K breakout could trigger a new rally. 📈 Otherwise, consolidation in the current range could continue.