📈 Current Setup & Bullish Signs
Ethereum is trading around $3,722, having broken above a key level near $3,690, showing strong upside momentum following a recent pullback.
ETF inflows over the past two weeks total $332 million, supporting continued buying pressure and institutional confidence (Blockonomi).
Indicators such as momentum and volume support the case for a possible push toward the $3,800 resistance zone.
⚠️ Resistance & Caution
The $3,700–$3,800 zone is a critical resistance area. If ETH fails to break and hold above this with volume, the rally may stall or reverse.
RSI is approaching overbought levels (>70), especially on the 1-hour and 4-hour timeframes, suggesting short-term caution (Coinalyze).
🔍 Technical Indicators Summary
Overall sentiment: “Buy” on most technical dashboards (especially moving averages).
RSI (Relative Strength Index): Approaching overbought territory.
MACD: Bullish crossover confirmed in 1D and 4H charts.
Support: ~$3,690
Resistance: $3,800 (key breakout level)
📊 Key Levels
Level Description
$3,690 Support – needs to hold for continuation
$3,700–3,800 Major resistance zone – breakout could lead to acceleration upward
Below $3,670 Rejection of the rally – may retrace further
✅ Today’s Outlook
If Ethereum maintains above the $3,690 level with sustained volume, a breakout above $3,800 is likely. Institutional ETF demand adds further bullish pressure.
However, failure to break that resistance or loss of $3,690 support may result in sideways consolidation or a mild pullback.
🧭 Final Take
Ethereum (ETH) shows the strongest bullish technical setup today, among major cryptocurrencies.
Bitcoin (BTC) on the other hand is under pressure, forming a TD Sequential sell signal and showing weakness below the $120K range, with potential correction ahead.
$ETH $
