Ethereum is currently testing the $3,700 mark—can it break through? This could directly determine the direction of the upcoming market trend.

A technical analyst who has been active on TradingView for nearly a decade recently spoke out—this person has accumulated over 110,000 followers on social platforms and has previously anticipated several ETH corrections in advance. This time, he’s focusing on the $3,700 “neckline”: a breakout could signal a new round of upward movement; if it fails, the rebound may come to an end.

Honestly, it’s like reaching a fork on a mountain climb. One path leads to the summit, the other might require retracing your steps. But the market is always the result of multiple factors in play—capital flows, news catalysts, investor sentiment—any weak link could rewrite the script.

Looking back at last month, this same analyst warned, “ETH may correct in November; beware if it falls below $3,100.” What happened? The price oscillated above $3,100 without crashing, indicating the market’s support was actually quite strong. This kind of “called for a drop but didn’t happen” situation actually reveals the resilience of the bottom support.

So how should regular investors respond? A few suggestions:

Don’t rush to go all in. Until $3,700 is firmly established, maintaining position flexibility is wiser than betting everything at once.

Consider scaling in. If a true breakout occurs, it’s not too late to add incrementally; if not, you still have ammo left.

Maintain independent judgment. Other people’s views are references, not instruction manuals. The market changes rapidly—you need your own sense of rhythm.

Someone has drawn a line for the market, but the line itself doesn’t automatically become reality. Is the bull market over? Honestly, it’s way too early to draw that conclusion now. Before a key level is broken, anything is possible.