$ETH is trading within a short-term range between approximately $3,500 and $3,750. A clean break above this range may catalyze a move toward $4,000, while failure to hold the lower boundary could see a downturn into the $3,300–$3,100 zone.
A symmetrical triangle pattern is forming on the 4-hour chart near $3,620, often a precursor to strong directional moves.
Breakout targets: Clearing $3,700–$3,745 could send ETH to $3,850–$3,900, and potentially toward $4,100. On the 4-hour chart, a 50 EMA is sitting near $3,512, providing support, while a close above $3,720 could confirm a bullish breakout.
High sell pressure levels $ETH
may resist above $4,000, and potential downside could range from 25%–35% if resistance fails to hold. Some analysts point to bearish overtones in market orders and volatility, indicating a struggle for control just below recent highs.
$ETH Possible Moves:
Bullish Breakout Price > $3,745–$3,750 $3,900 → $4,100+
Neutral Consolidation Range-bound $3,600–$3,700 Maintain structure, await volume trigger
Bearish Breakdown Below $3,500–$3,580 Down to $3,300–$3,100
