The technical trend is mixed: some moving averages show weakness and potential resistance overhead.
Support levels are critical. If ETH fails to hold key zones (e.g., around US $3,600) then downside risk may increase.
Crypto remains very volatile and sensitive to macro factors: regulation, rate decisions, institutional flows.
Ethereum currently trades around US $3,434.
On-chain signs are showing accumulation: many large holders (“whales”) seem to be stacking ETH while exchange supply is shrinking.
Analysts forecast a bullish medium-term: some expect ETH could reach US $5,000–US $6,000+ if momentum holds.
Support zone: ~US $3,600. If $ETH
ETH stays above this, the path upwards opens.
Resistance zone: ~US $3,650 to US $4,000 in the short term. A strong break above could trigger continuation toward US $5,000+.
If support fails → risk of pullback toward US $3,300 or lower.
Overall: Cautious optimism. Good upside potential, but only if market structure and fundamentals align.
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