#ETHBreaks3700 ETH has broken through the $3,700 level, which is an important technical signal and bullish in the short term.
🔍 Brief Analysis of ETH Breakout at $3,700:
Previous resistance: $3,700 is a key resistance zone. This breakout could open the way to the next targets at:
$3,850–$3,880 (minor resistance)
$4,000 (major psychological resistance)
$4,100–$4,300 (weekly target if momentum is strong)
Breakout volume: If the breakout is accompanied by high volume, the likelihood of continued upward trend is very strong.
New support: After breaking $3,700, this zone could turn into support, meaning a small retracement could be a buy on dip opportunity.
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📊 Strategy:
Swing trader: Can start scaling in above $3,700, with gradual take profit targets at $3,850–$4,000.
Further confirmation: See if the daily candle can close above $3,700 with a large body and strong volume.