Ethereum's price is moving sideways between Fibonacci support levels at $3374 and $4061. An upside breakout point sits just below its all-time high. The coin is showing sideways movement on the daily timeframe, not gaining much compared to other altcoins. It's holding above the 200-day moving averages. The analysis points to Fibonacci support, a trendline, and moving averages. The price action since mid-August displays lower volatility, potentially forming a triangle pattern. Tracking an Elliott Wave triangle pattern, the analyst suggests the triangle remains valid above the August 19th low of $4060. Triangles often break early or evolve into different structures. A local 1-2 setup to the downside is considered, potentially taking the price to the orange support zone, but the analyst is not fully convinced. A key support level lies at $4060, necessary to keep the pattern alive, and additional resistance around $4500.