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Ethereum Forming A Symmetrical Pattern – Key Resistance At $4,100

  • Ethereum is consolidating within a symmetrical triangle pattern near the $4,000 resistance level.
  • A breakout above $4,000 could signal a rally toward all-time highs, while a failure to break this resistance may lead to a retrace.
  • Analyst Carl Runefelt suggests that Ethereum's next move depends on breaking above $4,100 or facing a breakdown below $3,675.
  • The $4,000 level is a crucial barrier for Ethereum, with multiple attempts to break it met with selling pressure.

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