Ethereum has shown strong bullish momentum in recent weeks. After bouncing from the $2,800 support zone, it has climbed steadily and is now testing a critical resistance area around $3,700–$3,800 — a level that has previously acted as both support and resistance.
Technical Indicators Supporting the Move
The recent weekly candles are strongly bullish, indicating consistent buying pressure. The RSI is currently in the 60–65 range — a healthy level that shows strength without signaling overbought conditions. Trading volume has also picked up, confirming active participation from buyers. $ETH is now trading above the 50-week moving average, another sign that momentum favors the bulls.
What to Watch Next
If $ETH breaks and closes above the $3,800 resistance level with solid volume, it could continue toward the next target around $4,200. However, if it faces rejection at this level, a short-term pullback to $3,200 or even $3,000 remains possible.
Overall, Ethereum is looking strong, but the next move depends on how price reacts at this resistance zone.
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