Ethereum (ETH) has regained upward momentum after several weeks of consolidation, with its price breaking out of the descending wedge formed from July to late November. Buyers stabilized the price in a key support area, providing a foundation for the technical structure, while significant institutional inflows have boosted market confidence, laying the groundwork for ETH's push toward $4,000.
Currently, ETH is trading at around $3,201, with key resistance levels at $3,500 and $3,750. If the price breaks through $3,500 and holds, buyers may continue the rebound; a breakout above $3,750 could see ETH aim for $4,000. Technical indicators show bullish signals: the Parabolic SAR is below the candlesticks, the MACD line is above the signal line with a green histogram, indicating sustained buying pressure, and the price continues to set higher lows, supporting a medium- to long-term upward trend.