Ethereum's Cheatsheet: $BTC 2020
Remember, in trading, there's nothing new under the sun. What has happened before, can and will happen again.
This $BTC chart against $ETH pretty much confirms that theory.
Ethereum has been moving almost identically with Bitcoin back in 2020. The only thing different is that there is no black swan event like the Covid.
As ETH is approaching its resistance level, its having a struggle to breakout, so we might see a small consolidation, just like Bitcoin did.
But, look bigger, look at what comes after. Be patient, $3,700 is nothing for what's to come.