#OnChainInsights $ETH (4H)

Analysis:

Ethereum is in a consolidation phase, forming a triangle pattern. This setup often signals a potential breakout. Indicators hint at a bullish move, but keep an eye on regulatory news which could impact momentum.

Price Targets:

If a breakout occurs, look for potential resistance around $3,046.92 and $3,220.00. Further upward, eyes are on $3,420.69 for the next target. Stay cautious and watch for solid confirmations!