The analysis discusses Ethereum (ETHUSD) on a 4-hour timeframe. The current price is approximately $3,841. The analysis notes that Ethereum is currently holding Fibonacci support levels, and despite a perceived lack of market engagement, no objective changes have occurred. The analyst suggests that the consolidation in wave 4 is causing boredom. A potential descending triangle pattern suggests a possible further low before upward movement. The key resistance for upward confirmation is identified at $4,400, with a subsequent target of $4,857. A move above $4,857 could propel the price toward $5,221. If ETH breaches the support at $3,374, the analysis would be invalidated. A shorter timeframe analysis suggests that ETH is moving within a range. A break below the lower boundary line of $3,715 would focus attention towards $3,374. Sustained price movement depends on breaking the upper trendline around $4,100. Sustained recovery requires a break above $4,400.