Ethereum is once again testing a major resistance level that could define its next big move. After a steady recovery from recent lows, ETH has approached the $3,700 zone, a price area that traders view as the dividing line between bullish continuation and potential reversal.
Market analysts say the coming days will be crucial for determining whether Ethereum can maintain its current uptrend or if sellers will regain control and push prices lower.
Analyst: Ethereum’s Uptrend Faces a Crucial Test
According to Crypto King, a well-known crypto analyst, Ethereum is at a make-or-break point on the daily chart. The analyst highlighted that ETH’s main uptrend line has been tested multiple times, and how the market reacts at this level could decide the next major move.
“The next few candles will be key,” the analyst noted. “If Ethereum can reclaim the trendline and close above $4,950, it could open the door to a significant rally toward $5,600.”
Crypto King explained that such a move would confirm the continuation of the broader bullish trend that has supported Ethereum for months. A strong breakout could also reignite investor enthusiasm, potentially leading to increased trading volume and renewed market confidence.
However, if ETH fails to hold its current support and sellers take control, the analyst warned of a possible retracement toward $2,000, invalidating the broader bullish structure that has kept Ethereum on an upward path.
Market Analysts Emphasize Patience Over Panic
Crypto King also advised traders to remain patient and avoid emotional decision-making. “In volatile conditions like these, the market rewards those who wait for confirmation,” he said. “Let the chart speak — don’t chase every move.”
This message of patience echoes a common theme among experienced traders: when markets approach key technical levels, confirmation matters more than speculation. Ethereum’s price behavior around $3,700 may offer critical insight into the market’s next direction.
Ethereum’s Battle at $3,700: Another Expert Weighs In
Adding to the conversation, crypto analyst Ted Pillows shared a similar perspective, noting that Ethereum’s short-term fate depends on how it handles resistance at $3,700.
Ted explained that Ethereum has shown renewed strength over recent sessions, but now faces its toughest technical test yet. “If ETH can close a daily candle above $3,700, it could trigger a fresh wave of bullish momentum,” he said.
Such a breakout could potentially push Ethereum toward the $4,000 level, signaling that buyers are regaining control and that the broader trend remains intact.
What Happens if Ethereum Gets Rejected?
Despite the optimism, Ted also warned that rejection at $3,700 could lead to a short-term pullback. “If Ethereum fails to break through this zone, we could see a move back toward $3,400, which has acted as a key support level,” he noted.
This would suggest that bears are still defending upper resistance zones, keeping Ethereum trapped within a consolidation range. Traders have been closely watching the $3,400–$3,700 range for weeks, as price reactions in this corridor often precede major breakouts or corrections.
Broader Market Sentiment Remains Cautiously Optimistic
While Ethereum’s price is currently caught between resistance and support, the broader market sentiment remains cautiously bullish. Bitcoin’s stability above the $100,000 level and steady institutional inflows have provided a supportive backdrop for the crypto market as a whole.
Analysts believe that if Bitcoin continues to hold its ground, Ethereum could follow with a delayed but powerful upside move. However, any sudden correction in Bitcoin’s price could quickly spill over into Ethereum, potentially derailing the current momentum.
Technical Outlook: Key Levels to Watch
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Immediate Resistance: $3,700
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Next Bullish Target: $4,000 → $4,950 → $5,600
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Key Support: $3,400
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Major Downside Risk: Drop toward $2,000 if support breaks
Traders are now watching for a decisive daily close either above or below $3,700. A confirmed breakout could set Ethereum on course for a renewed uptrend, while failure to break resistance could reinforce the range-bound movement that has defined recent weeks.
Conclusion: Ethereum’s Defining Moment Approaches
Ethereum’s current technical setup paints a picture of high tension — one that could soon resolve in either a major breakout or a sharp pullback. With multiple analysts emphasizing the importance of the $3,700 level, market participants are urged to monitor price action closely and wait for confirmation before taking new positions.
Whether Ethereum breaks higher or faces another rejection, this pivotal moment will likely shape the asset’s short-term trajectory and determine whether the bulls can sustain their grip heading into the year’s final quarter.
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