Bitcoin continues its rise. At the same time, most altcoins are standing still. Ethereum is no exception, it is also in accumulation. What do we see on the chart? Ethereum broke the trend line and tested it as support, which is a good signal for trend continuation. At the same time, the price is moving towards the important level of 3677$. If the price crosses this level, the next point that Ethereum might hit is at 4000$. A good buying opportunity would be after a long squeeze near the level and a breakout.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.