Ethereum is currently trending similarly to Bitcoin. In my opinion, Ethereum is ready to try to breakout above the $3350 area.

If this breakout is successful, my target for Ethereum is $3700. Currently, the pattern is forming a flag pattern.

However, if Ethereum fails to penetrate and sustain above the $3350 area, it could spell trouble as Ethereum could waterfall back down to $2950 or even $2700 to $2780, which is the worst case scenario.

Regarding Ethereum’s case with the SEC, I believe its impact will not be as long-lasting or as much as XRP’s case as Ethereum could have an ETF in the future. $ETH $XRP #ETF