🟢 Bullish Scenario (60–70% Probability):
Ethereum remains in a short-term uptrend, provided it continues trading above the critical $3700 support. In this bullish setup, ETH is expected to:
Re-test the recent high at $3766
A breakout above $3766 could open the path to $3780, with an extended target range of $3800–$3820 in the next 4 hours.
#ETHBreaks3700 #CryptoMarket4T
This move would signal strong momentum continuation, supported by overall market strength.
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🔻 Bearish / Pullback Scenario (30–40% Probability):
While the broader trend remains bullish, RSI levels suggest ETH is overbought, hinting at a potential short-term pullback. If ETH loses the $3700 support:
Initial downside target is $3660
A deeper correction could test the $3630 zone before any meaningful rebound
This scenario would reflect a healthy cooling-off phase before any further upward push.
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📊 Overall Outlook:
Trend: Bullish, but slightly overheated in the short term
Key Support to Watch: $3700
Momentum Indicator: RSI hints at a minor correction possibility
Breakout Signal: A clear move above $3766 would reinforce the bullish trend
📌 Summary:
ETH remains poised for further gains if it holds above $3700. A breakout beyond $3766 could fuel a move toward $3800+. However, keep an eye on RSI and key support zo
nes for potential short-term volatility.