🟣 Is Ethereum ready for the next leap? What is happening with ETH now

🚀 Ethereum confidently holds above $3430, breaking through the key 'cup with handle' pattern — one of the most bullish signals. Since the beginning of the week, the price has risen from $3100, and now ETH is moving towards important resistance around $3500.

📈 What does the chart say?

— Daily: breakout of the pattern + target based on the model — $3700–$4100

— Fibonacci: level 0.618 ($3177) has been crossed, nearest resistance — 0.786 ($3525)

— 4H chart: ETH confidently above all EMAs (20/50/100/200)

— RSI is already in the overbought zone (71.4), but momentum remains

📊 Derivatives data:

— ETH futures have increased by +25% to $156.6 billion

— Open interest: +6.6%

— Long/Short on Binance — in favor of buyers (1.09 for all, 2.89 for top traders)

— Options are coming back to life: volume +38%

🧠 What does this mean?

Institutional and retail players are betting on growth again. The price has broken technical levels, and the futures market confirms this.

📌 Key levels:

— Resistance: $3525, then $3715 and $4107

— Support: $3307, then $3100 (as long as it is not broken — the trend remains bullish)

#ETH