Ethereum ($ETH ) is stuck in a tight range between $3,500 and $3,750, and traders are watching closely. This sideways movement means a major breakout could be just around the corner!
🔍 Quick Market Overview
Support level: $3,500
Resistance level: $3,750
📈 What Could Happen Next?
If $ETH breaks above $3,750:
✅ The price might quickly shoot up to $4,000–$4,100
If ETH falls below $3,500:
🔻 The price could drop to $3,300 or even $3,100
📊 Technical Clues
A symmetrical triangle is forming around $3,620 on the 4-hour chart — this pattern often leads to big moves.
The 50 EMA (a key moving average) is sitting near $3,512, giving ETH support.
If ETH closes a candle above $3,720, it could be a signal that buyers are taking control.
⚠️ Things to Watch Out For
There’s strong selling pressure around $4,000, so breaking above that won’t be easy.
If ETH can’t break this level, some analysts warn a 25–35% correction could happen.
Also, signs of bearish divergence and increased volatility are appearing — so be careful.
🧠 Final Thoughts
$ETH is at a make-or-break moment. The $3,500–$3,750 range is key. Whichever side breaks first could decide the next big trend — whether it’s up or down. So stay sharp and manage your trades wisely!