Ethereum is trading at approximately 3,460 USD, facing resistance at 3,500 USD. The price action indicates a consolidation phase. However, the cryptocurrency could potentially break through to 4,000 USD, driven by institutional interest in Ethereum spot ETFs and other market factors.

The recent ETF outflow of 77 million USD contributed to short-term price changes. Despite this, technical analysis suggests that Ethereum is nearing the end of its current consolidation. Indicators like the RSI and MACD hint at volatile trading conditions, yet predict a potential surge to surpass the 4,000 USD mark.

Long-term trends indicate Ethereum maintaining an upward trajectory, although it may linger below 4,000 USD for a few months. Historical price data shows intermittent drops from 4,000 USD to the mid-3,000s, with buying pressure preventing significant declines. Continued investment could push Ethereum to new highs.