Not surprised that ETH was rejected at the level of 3700* — this is a well-known resistance zone where sellers usually enter 🔄
📍 *Key zone to watch*:
➡️ *3500–3550* — this is a *short-term (LTF)* support zone 🛡️
✅ If ETH holds above this level, the structure remains bullish and healthy 🟢
🔮 *Forecast analysis*:
- Holding 3550 = we will likely see another *attempt to break 3700+* soon 🚀
- A successful breakout above 3700 could open doors to targets of *3900–4200* 📈
- But if ETH loses 3500, it may drop back to *3300–$3400* for support ⚠️
🧠 *Conclusion*: Don't panic over the rejection — ETH is just building strength for the next breakout 💪
$ETH
ETH
3,673.5
+3.04%
m