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Ethereum Tests $3,700 Resistance After Reclaiming $3,425, Eyes Breakout Confirmation

Analysts see a confirmed daily close above resistance as the trigger for a trend shift toward the $3,900–$4,000 area.

Overview

  • ETH has rebounded to the $3,650–$3,700 zone, a level NewsBTC identifies as pivotal for the next directional move.
  • Crypto.news reports a reclaim of the $3,425 failed‑auction level, a sign of demand returning after the recent correction.
  • Ted Pillows says a daily close above $3,700 could propel price toward $4,000, while rejection would likely retest the $3,400 support.
  • Crypto King outlines conditional paths, with a reclaim of the main trend and a push above $4,950 opening room to $5,600, but failure risking a slide toward $2,000.
  • Intraday charts flag nearby hurdles at $3,650–$3,740 and supports around $3,520–$3,485, with deeper downside opening below $3,425 toward $3,200–$3,000.