📊 Technical Overview

  • Resistance: ETH has encountered strong resistance in the $3,840–$3,880 zone, with a major barrier at $4,000–$4,100. Analysts are watching this area closely—breaking through could enable a fast-run toward $6,000+ targets Indiatimes+15tradzar.com+15Reddit+15.

    Support: Immediate support lies between $3,590–$3,624, with a broader support zone at $3,550–$3,600. If these fail, pullbacks toward $3,500 (or even $3,100) are possible CryptoTicker+3CryptoRank+3tradzar.com+3.


    📈 Chart Patterns & Momentum

  • Forms like ascending triangles suggest bullish continuation if volume picks up. Targets include $3,950–$4,050, with extensions toward $4,300 or even $4,200+ if buyers step in tradzar.com.


    A breakout at $4,000 could trigger accelerated momentum similar to past rallies MarketWatch+15AInvest+15Reddit+15.

Market Sentiment & On‑Chain Activity

  • Institutional Accumulation: Since early July, institutions have added over 63,800 ETH (~$236M) via OTC trading, part of a broader $3.16B inflow AInvest+2Indiatimes+2.

    Regulatory Tailwinds: The SEC’s “Project Crypto” and stablecoin regulation have shifted sentiment positively, particularly since Ethereum dominates DeFi, tokenization, and stablecoin issuance