Ethereum is in a volatile phase with an upward trend and caution as it approaches the key resistance level at $3.5K.

- **Daily Chart**: Ethereum found support near the 200-day moving average at $3K, pushing the price back to the resistance area of $3.5K. If it breaks through, ETH could continue to rise; conversely, it may prolong the accumulation phase.

- **4-Hour Chart**: The current bullish structure shows an ascending wedge pattern, which often signals a distribution phase. The bearish divergence between price and RSI indicates weakening momentum.

- **Onchain Analysis**: Ethereum is oscillating between two large liquidity zones at $3K and $3.5K. A breakout in either direction could significantly increase market volatility. 🚀