#ETHBreaks3700 To reach the previous ATH of 2021, which was around $4868, Ethereum needs to break through several key resistance levels:
🌟Strong resistance around $3800 to $4000: this range represents an important psychological and technical barrier.
🌟Technical resistance levels: There are resistance levels derived from pivot points and moving average indicators, which can change daily. Currently, there are levels around $3900, then $4050, up to $4245.
🌟52-Week High: This level, which is around $4098, represents a historical resistance that needs to be broken.
❎What to watch:🧐🧐🧐
♦️Positive momentum: Recent technical analysis indicates that Ethereum is in a strong upward trend, supported by historical price patterns and market developments.
♦️ETF flows: Approval of Ethereum exchange-traded funds is expected to increase institutional interest and liquidity, which could push the price towards higher levels.
♦️Technical developments: Ongoing upgrades to the Ethereum network and the expansion of its ecosystem (such as Layer 2 solutions) enhance its appeal and long-term value.
Overall, Ethereum faces some technical resistances before reclaiming the ATH of 2021, but positive market developments and increasing interest may pave the way for that 😌😌.
