#ETHBreaks3700 Ethereum Just Smashed Through $3,700!
Ethereum (ETH) has officially broken above the critical $3,700 resistance level, signaling renewed bullish momentum in the crypto market. After weeks of consolidation, this breakout could be the catalyst traders have been waiting for.
š Why It Matters:
$3,700 has acted as a key resistance zone since early June.
Breaking above it suggests strength in buyer conviction.
Technical indicators like RSI and MACD are showing bullish divergence.
Volume has spiked, supporting the move.
š§ Whatās Next?
If ETH holds above $3,700, the next key resistance lies near $3,880ā$3,950, with $4,000 as the psychological barrier.
A successful retest of $3,700 as support would confirm the breakout.
Keep an eye on Bitcoin dominance and ETH/BTC ratioāthey often signal broader shifts in capital flow.