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Ethereum (ETH) is in the area of resistance after it responded positively to EIP-1559 .
If it successfully breaks the upper ~3,400 range while maintaining healthy derivative metrics (funding rate, OI, etc.), that would position ETH for a potential new ATH .
Fresh longs are still somewhat not attractive from a risk-to-reward basis.
Additionally, one needs to pay attention to BTC /USD pair as ETH/USD still responds to BTC price movement despite whatever fundamentals that people argued about.
All in all, patience is key — going long near resistance is never an attractive bet.