Ethereum (ETH) is demonstrating positive price action with a 1.74% increase over 24 hours, signaling growing buyer interest as it challenges crucial technical resistance levels between $3,900 and $4,000.
The cryptocurrency’s trajectory hinges on maintaining above significant support at $3,675. Market analysts indicate that a sustained close above $3,824 could trigger momentum toward testing the psychologically important $4,000 threshold.
Technical analysis reveals two critical resistance zones at $3,824 and the $3,900-$4,000 band. Should ETH convincingly break above $3,900 with sustained volume, the next price target would be $4,093.
Current technical indicators align with a bullish market outlook, though continued buyer commitment remains essential for upward movement. Traders are monitoring whether ETH can capitalize on its recent gains to achieve a decisive breakout.