Ethereum analysts predict that once ETH breaks through the resistance level, the price will reach $3,700.

Ether has been at its highest level since the end of July, hovering around $3,470. This marks a significant Rebound for the second largest Cryptocurrency, which has successfully held above the key 200-day MA (MA) at $2,965. By maintaining this level, Ether has confirmed a bullish price structure, paving the way for its approach to the next milestone - approaching the annual high of nearly $4,000.
Top analysts and investors recently shared their Technical Analysis, pointing out that the PA of Ethereum has laid a solid foundation for further rise. Once it breaks through the key resistance level, Ethereum will experience a significant pump, indicating increased confidence among traders and investors.
The continuous on-chain activities of Ethereum and the increasing institutional interest further fuel this bullish sentiment, supporting its pump trajectory. However, to break through the $4,000 mark, Ethereum needs to overcome the resistance zone that has historically caused pullbacks.
With ETH consolidating its gains, market participants are closely following the signs of the next breakthrough, which may set the tone for the remaining year's trend. The recent strength of ETH highlights its position as a market leader and a broader indicator of Crypto Assets trends.
Ethereum Testnet Critical Supply
Ether is testing the key supply zone below $3,500, which may push Crypto Assets to the annual high in the coming days. This resistance level has become the focus of traders and investors to follow, as breaking this level may indicate a bullish continuation of Ether's recent momentum.
A top analyst recently shared his insights, emphasizing the importance of this resistance. According to his Technical Analysis, once ETH breaks through the $3,500 level, it could quickly rise to $3,700, possibly within a few hours. Market sentiment around ETH is still optimistic, and the surge in demand is a catalyst for further price pump.
The strength of ETH at this key level has reignited speculation about the possibility of an AltCoin season. If ETH continues to pump and attract more capital, it may pave the way for other AltCoins to follow suit. Historically, the price movement of ETH has always been a leading indicator of broader market trends, and this time seems no exception.
As ETH approaches this crucial moment, all eyes are focused on whether it can maintain the pump. If ETH breaks through the $3,500 mark, it will confirm the bullish structure and lay the foundation for Ethereum to dominate the market narrative in the coming weeks.
Key levels worth following
The trading price of Ethereum is $3,470, hovering just below the key $3,500 resistance level. This local high has become a key area that traders and analysts follow, as breaking above this high could lay the foundation for a significant Rebound. If Ethereum can decisively break above this resistance level, it may trigger a breakout, pushing the price up to $3,900 within a few days.
However, the market remains cautious about the potential risks at this critical moment. Failure of Ethereum to break through the $3,500 mark may result in a sideways movement, as Ethereum seeks stronger buying pressure to regain its pump momentum. In a more pessimistic scenario, there may be a significant pullback, pushing ETH back to lower levels to establish a more solid support foundation.
The current PA highlights the importance of this resistance zone. Breaking through $3,500 may confirm the bullish structure of Ethereum and enhance confidence in the ongoing pump trend.
On the other hand, any hesitation or refusal may indicate a need for further integration before the next major move. As ETH approaches this critical moment, the market is closely following to determine its next direction and the potential impact on the broader cryptocurrency landscape. #15天发帖打卡挑战