Ethereum ($ETH) remains one of the most watched assets on-chain and on-chart — and for good reason.
Here’s what traders and analysts are focusing on right now:
1. Key Technical Levels to Watch
Support: $3,420 – Previous accumulation zone and EMA base
Resistance: $3,740 – Double-top pattern forming near this level
RSI: Hovering near 60 – momentum is building but not overbought
Pro Insight: A breakout above $3,740 with strong volume could ignite a short-term rally toward $4,000. But failure here might signal a temporary pullback to the $3,500 zone.
2. Ethereum On-Chain Metrics Are Flashing Green
Rising active addresses
Steady increase in ETH locked in staking
Decreasing exchange balances = reduced sell pressure
These metrics signal growing investor confidence and long-term holding behavior.
3. Learning Spotlight: The Power of Market Confluence
Combining technical analysis + on-chain data gives you a stronger edge. When both support bullish sentiment, it strengthens your conviction in a move.
Quick Takeaway:
If ETH breaks resistance on the back of bullish on-chain flow and macro stability, expect traders to rotate into Layer 2 and ETH ecosystem tokens next.
Engagement Call:
What’s your ETH game plan this week? Share your chart below or react with your outlook — bullish or bearish?