ETH will still soar, but it remains rangebound for now

This indicates a healthy market with the potential for further upside in prices. 

Technical analysis

• Mostly range bound for now. But it is in a really key range.
• The main horizontal support is $2,133, and the resistance is still at $2,340.
• If price can break above $2,340 and then the prior price top of $2,410, then we can move to $2,640. We see this as unlikely, even on an ETF pump.
• If the $2,133 support is lost, the new range will be $1,933 to $2,133. Long-term, this is a good DCA buying area.
• The RSI is clean on all major timeframes. Nothing to be wary of here.

Cryptonary's take

Perhaps as we move into Q2, and the ETH ETFs are being discussed (although we are not sure they'll be approved), ETH may begin to climb higher and finally break out of $2,400. 

For now, the play is to continue holding ETH and look to continue accumulating below $2,133 if given the opportunity.