$ETH Crucial Retest Underway: Will Bulls Reclaim $3,720 or Slide Further?

Ethereum is currently trading at $3,695, down 2.17% after facing rejection near the $3,720 resistance. The price dipped into a key support area around $3,688, and now all eyes are on whether this level holds or gives way to deeper downside.

Key Levels to Watch

• Resistance Zone: $3,715 – $3,720

A breakout above could clear the path toward:

• Target 1: $3,760

• Target 2: $3,800 (24h High)

• Support Zone: $3,685 – $3,640

Breach below this zone may invite further downside toward:

• Target 1: $3,620

• Target 2: $3,600

Trade Setup – Brace for the Next Impulse

• Bullish Entry: Break and close above $3,720 with volume confirmation

• Target 1: $3,760

• Target 2: $3,800

• Bearish Entry: Close below $3,685 with rising sell volume

• Target 1: $3,620

• Target 2: $3,600

Final Take:

ETH is at a tipping point. If bulls defend the $3,688 level, a reversal could follow. But if this floor cracks, sellers may take control. Momentum will decide — watch volume and candle structure for early cues.

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