#Ethereum is trading within a widening consolidation structure between $3,000 and $3,400. With Bitcoin entering a sideways trend, Ethereum is also seeking direction, but structural hints favoring the bullish trend are strengthening. Ethereum is likely gathering energy for its next move. As long as there is no daily close below $3,000, the trend is shaping up in favor of an upward break. If there is a volume breakout above 3,450: My target: $3,850–$4,000. Then the second leg of the bullish season for Ethereum could begin, which could take us to the $4,900–$5,200 range. If there is a negative drag from Bitcoin, it is possible for $ETH to test the $2,900 level.

ETH2.41%
BTC0.86%
B-14.22%
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