Ethereum Price Dips, Then Rips: Exciting Trading Opportunities Ahead

Ethereum price dipped sharply after it rallied toward $3,940. ETH is now consolidating near $3,850 and is eyeing more upsides in the near term.Ethereum started a consolidation after it rallied toward the $3,940 resistance zone.
The price is trading above $3,720 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move up unless there is a break below the $3,620