**Ethereum: Ready to Jump or Lazy Again? 🤔**
- Ethereum is making us curious again! ETH price is approaching the crucial resistance level at $3.5K. If it breaks through, get ready to see ETH accelerate to a higher level!
- But, if it fails, get ready for the lazy phase aka consolidation. It's like waiting for your crush to reply to your chat, it can make you nervous!
- Technical analysis shows a rising wedge pattern which is usually bearish. Plus, there is a bearish divergence between the price and the RSI indicator. Be careful, it could be a sign that momentum is starting to weaken.
- On the other hand, on-chain analysis shows a lot of liquidity below $3K and around $3.5K. This makes the ETH price feel like it's being squeezed by two clamps, ready to explode in one direction!
- So, what do you think? Will ETH jump or lazy again? Come on, share your opinions in the comments column!