Ethereum broke out to make highs at $4380, but faced a sharp retracement, dipping as low as $4K, before equilibrating in the $4100 handle. We appear to be seeing a dragon head pattern forming here, and are in the consolidation phase. This chart, as well as the entire crypto market, still appears to be bullish. If we do break out, then we will find resistance at $4258. If we are able to break through this then the next target is $4450. If not, we will find further support at $3861, but then there is a vacuum zone below that to $3646.
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