Ethereum (ETH) price shows a tight consolidation on the three-day chart. As this rangebound movement nears a breakout, investors need to be extremely cautious of Bitcoin (BTC) bears, who could flip the plan on its head. Ethereum price has shown resilience over the past few months as it hovered between the $1,000 and $2,000 psychological levels. During this time, ETH has set up nearly four equal highs and four higher lows.