Ethereum ($ETH ) is currently moving sideways within a narrow zone between $3,500 and $3,750. Traders are on high alert — a breakout in either direction could trigger a sharp price move.
🔍 Market Snapshot
Support Zone: $3,500
Resistance Zone: $3,750
Breakout Scenarios:
Upside: A breakout above resistance could drive $ETH toward $4,000–$4,100
Downside: A breakdown below support may pull the price down to $3,300 or even $3,100
📊 Chart to Watch
A symmetrical triangle is forming around $3,620 on the 4-hour timeframe — a classic pattern that often leads to a strong move.
The 50 EMA is hovering near $3,512, providing dynamic support.
A candle close above $3,720 could signal bulls stepping in.
⚠️ What to Be Aware Of
Strong selling pressure lies just above $4,000
If $ETH fails to break that level, a 25–35% correction is possible
Some experts are pointing to bearish divergence and rising volatility
🧠 Final Take
Ethereum is at a tipping point. The key range between $3,500–$3,750 is critical — whichever side breaks first could set the tone for the next big trend. Stay alert and manage your risk accordingly.
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