🚀 Ethereum on the Rise! 🚀

- ETH consolidating above key moving averages, signaling a bullish trend.

- Spot ETH ETFs launched with a $106.6M inflow, boosting buying interest.

- Target: $3.7K upper boundary in the mid-term.

📈 On the 4-hour chart:

- ETH forms an ascending wedge pattern.

- Bullish sentiment suggests a potential break above $3.5K.

- Short-term retracement possible, offering buy opportunities.

💡 On-chain insights:

- Exchange reserves dropping, indicating long-term holding.

- Reduced supply + increased demand = sustainable rally ahead!

What are your thoughts? Drop a comment! 👇 #Ethereum #Crypto #Bullish