Ethereum Price Starts Consolidation – Why Pullbacks Could Be Limited

Ethereum price is still struggling to clear the $4,000 resistance zone. ETH might consolidate for some time above $3,600 before the bulls gain strength.Ethereum traded to a new multi-month high above $3,980.
The price is trading near $3,850 and the 100-hourly Simple Moving Average.
There is a short-term breakout pattern forming with resistance at $3,950 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could resume its increase if it clears the $3,950 resistance zone.Ethereum Price