ETH is trading in the ballpark of $3,500-$3,700, and recent data show it recently retested the ~$3,532 support level and bounced slightly.
Technically, ETH has entered a supply/resistance zone around $3,500-$3,700 — this zone had previously acted as support but now presents a hurdle.
On the fundamentals front, the network continues showing strength: increasing staking activity, expanding Layer-2 usage, and growing ecosystem adoption are positive signs.
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⚠️ Key Support & Resistance & Outlook
Support: Primary support is around ~$3,500. A breakdown below this could expose ETH toward ~$3,300 or lower.
Resistance: A clear breakout above ~$3,800-$4,000 (especially resisting near $3,900) would signal bullish momentum again.
Outlook:
Bullish scenario: If ETH holds support and breaks above ~$3,900, it could target ~$4,500 and above by end of year, assuming macro conditions and adoption trends align.
Bearish scenario: If it fails to hold near ~$3,500 and broader risk assets avoid, ETH could drift toward ~$3,000 or even lower.
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🎯 Bottom Line
Ethereum is at a critical inflection point—the fundamentals remain supportive, but the price is facing short-term resistance and structural uncertainty. For traders and investors, the ~$3,500 support zone and the ~$3,800-$4,000 resistance zone are key to watch. A decisive move either way could set the tone for ETH’s next leg.
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