The most important altcoin needs to overcome a crucial resistance level to confirm the possibility of a strong bullish trend. This resistance is located between $3,600 and $3,900, and has remained at that level for the past three years.
If buying pressure for Ethereum continues from both retail and institutional investors, it is possible that the price of ETH will surpass this resistance.
If ETH manages to break through the barrier, the next target for the price is $4,800, and it could reclaim its all-time high. Additionally, despite the increase in recent weeks, the RSI has not yet reached overbought levels above 70, confirming the possibility of another bullish surge.
