The price of Ethereum (ETH) has experienced a strong rally, increasing from $2,400 to $3,700 in recent weeks. An analyst predicts that ETH could potentially reach $7,346, indicating further bullish potential. However, concerns remain about long-term holder behavior and market volatility. Ethereum is currently forming a "cup and handle" triangle consolidation pattern, which suggests future price gains if it breaks above the $3,800 resistance level. Ethereum's path forward depends on its ability to surpass this resistance and establish firm support. The behavior of long-term holders, as indicated by the Liveliness indicator, is crucial to monitor as it may affect the price. If Ethereum successfully breaks above $3,800, it could rally towards $7,346. However, if long-term holders continue to liquidate their positions, the bullish scenario may be at risk, leading to a potential price correction.



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