Ethereum is currently trading around $3,726, holding just above key support levels, including the 50-day SMA and the psychological $3,700 zone. Despite a minor pullback, ETH continues to show signs of bullish strength and remains in a healthy uptrend.
Momentum indicators like RSI and volume show signs of recovery, and ETH is forming a bullish continuation pattern near resistance. If Ethereum can break above the $3,820–$3,850 zone, we are likely to see a quick push toward higher levels.
Ethereum is showing solid strength after consolidating above $3,700. The breakout attempt toward $3,850 will be critical. If bulls push through this level with volume confirmation, a move toward $3,900 and then $4000 becomes highly probable.
The market structure is constructive, and the presence of ETF-driven institutional demand adds further bullish pressure. While short-term volatility may create minor pullbacks, the medium-term setup favors upward continuation.
Momentum indicators like RSI and volume show signs of recovery, and ETH is forming a bullish continuation pattern near resistance. If Ethereum can break above the $3,820–$3,850 zone, we are likely to see a quick push toward higher levels.
Ethereum is showing solid strength after consolidating above $3,700. The breakout attempt toward $3,850 will be critical. If bulls push through this level with volume confirmation, a move toward $3,900 and then $4000 becomes highly probable.
The market structure is constructive, and the presence of ETF-driven institutional demand adds further bullish pressure. While short-term volatility may create minor pullbacks, the medium-term setup favors upward continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.