Ethereum continues to demonstrate bullish momentum, holding firmly above the $3,700 threshold. Market analysts are eyeing a potential breakout beyond the significant psychological resistance level at $4,000, presenting the next major target for the asset. Confidence in this trajectory is underpinned by strong technical support zones identified between $3,400 and $3,600.
The current positive price action follows a confirmed technical breakout. Ethereum successfully surpassed a descending resistance line that had been a key bearish technical feature since late 2024, a movement validated through April of this year. Buy signals in the lower $2,200–$2,600 range previously provided foundational strength for this ascent.
Despite a bullish overall structure, technical indicators offer mixed signals for the immediate future. The Relative Strength Index (RSI) hovering near overbought territory hints at the possibility of short-term consolidation or minor pullbacks. Analysts also warn that liquidity zones near $2,800–$2,900 and particularly $3,950–$4,000 could induce increased price volatility upon interaction. However, they also suggest such zones could offer strategic entry points.
Market assessments conclude that Ethereum’s momentum remains robust. The established support band of $3,400–$3,600 serves as a reliable foundation should temporary pullbacks occur, potentially strengthening the asset’s position for subsequent upward movement. Securing a decisive close above the $4,000 barrier would open the path towards targeting levels near $4,800.