Ethereum Consolidates Ahead of Potential 20-30% Gains in December

Ethereum ($ETH) has stabilized above $4,100 following a significant 25-30% retracement in August. This consolidation appears to be supported by the broadening wedge pattern, which has flipped from resistance to robust support. This bullish trend aligns with analyst @IamCryptoWolf’s optimistic forecast for continued upward momentum into December and potentially up to 20-30%. Technical indicators suggest a V-shaped recovery phase is complete, leading to consolidation before an explosive expansion phase reminiscent of historical patterns.