$ETH is currently trading around $3,757 after testing the $3,677 support level and recovering. The price is consolidating within the Bollinger Bands mid-range and is testing the $3,770 resistance zone.
🔹 Technical Overview:
Support: $3,677 – $3,720
Resistance: $3,773 – $3,835
Indicators:
Bollinger Bands are narrowing, signaling a potential breakout soon.
Volume remains steady, showing mixed sentiment in the short term.
Price is hovering just below the mid-band, reflecting indecision.
🔹 What to Watch:
If ETH holds above $3,720 support, it could retest $3,800+ levels. A close above the upper Bollinger Band may confirm bullish continuation. However, a breakdown below $3,677 could open the door for further downside.
💡 Traders should wait for confirmation near these levels before entering positions and use tight stop-losses due to volatility.