Ethereum’s price increased by 2.07% over the past day as bullish momentum pushed the asset toward a crucial resistance level near $3,820. Market analysts highlight that this threshold represents a pivot point for determining near-term price direction.
A decisive breakout above $3,820 could catalyze further upward movement toward $3,900. Such a breakthrough would reinforce positive technical indicators and likely stimulate additional buying pressure among traders.
The $3,675 support level remains critical for sustaining midterm bullish momentum. Market structure analysis indicates protecting this zone maintains buyer control needed for prolonged upward price action.
Long-term charts suggest Ethereum has potential to target the $4,000 psychological barrier if key support levels hold firm. This outlook aligns with historical patterns during sustained accumulation phases.
Persistent bullish market sentiment continues underpinning Ethereum’s price action, with elevated investor interest providing fundamental support for potential gains amid current market dynamics.