ETH has been sideways for almost a month after breaching the $3K psychological level on August 7. We then witnessed consolidation from the 7 to the 30. All this movement has set up higher highs and higher lows that have begun to see the effects of an unusual retail trader sentiment we have not seen before.

This bullish pattern witnessed a breakout on September 1, which led to a 20% bull sign that produced a sound daily close above the resistance level at $3,700 that we have been watching very closely. This new data opens up a clear path of $4100 in the near term and a potential to break the all-time high.

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