The analysis indicates that Ethereum is currently range-bound between $3800 and $4100. It suggests a potential retest of the $3800 level. A cut of the federal reserve interest rate by 25 was priced in, so the expectation of another rate cut in December, decreased the equities and stopped the up mode for the last days. If there is no bad news it can spike to test the resistance at $4120. A breakout is expected if the market function as normal. If there's bad news, it could test $3700 or $3600, but expects support there. The Bitcoin pair indicates a target of 114000.