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Ethereum has broken decisively past the $3,100 resistance level and is now consolidating gains. The pattern mirrors what we're seeing in Bitcoin's movement—both assets signaling similar momentum.
Based on the 21-day moving average breach, there's a strong case for entering a fresh uptrend. The technicals look supportive for continuation, and as long as key support levels hold, we could be setting up for an expanded rally. The consolidation phase typically precedes the next leg higher in these scenarios.