#ETHBreakout3.5k Ethereum (ETH) breaking out towards $3.5k looks like a big deal based on current trends. Here's what's likely next:
Key Levels to Watch
- *Resistance Levels*: $3,525 (0.786 Fibonacci level), $3,715, and $4,107 are the next big targets.
- *Support Levels*: $3,307 and $3,107 are crucial if ETH faces a pullback.
Analysis and Predictions
- ETH has broken out above a multi-month cup and handle pattern, signaling a bullish reversal with targets between $3,700 and $4,100.
- The weekly chart shows a clean breach of the 0.618 Fibonacci retracement at $3,177, with ETH moving toward the 0.786 Fib level at $3,525.
- Analysts suggest ETH could hit $4,000+ if it clears the $3,100-$3,750 zone, with strong volume backing the breakout ¹ ² ³.
Market Sentiment and Indicators
- ETHUSD price dynamics show bullish stacked EMAs (20/50/100/200), with RSI hitting 71.4 (overbought territory).
- Derivatives data shows a 25.30% surge in ETH futures volume to $156.6 billion, with open interest up 6.61% to $49.63 billion.
Do you want me to look further into ETH's price movement or help with something else?
