The article discusses the ongoing breakout rally in Ethereum and examines whether it will lead to a further rally above $3,400 and beyond the $3,568 supply zone. The 4-hour chart shows a triangle breakout rally gaining momentum, with Ethereum bouncing from a local support trendline and surpassing resistance levels and moving averages. The RSI and ETF flows suggest increasing buying pressure and bullish sentiment. The article suggests that a breakout above $3,500 could determine Ethereum's further price direction, with a potential target of $4,000. However, a failure to close above $3,568 could result in a sideways trend or a decline below $3,000.



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