Ethereum Eyes $3,700 Rally After Breaking $3,150 Resistance

⬤ Ethereum is building momentum as it approaches a crucial resistance zone between $3,050 and $3,150. Price action has been gradually strengthening, with lower timeframes showing an upward trend as the market builds structure below this key level. If ETH manages to break through this resistance band decisively, it could set the stage for a significant move higher.

⬤ Breaking above the $3,050-$3,150 range could open the door for ETH to climb toward $3,700, which has been identified as the next major target zone. The daily chart shows a rising trendline supporting the price, reinforcing the bullish momentum that’s developing beneath current resistance levels.

⬤ The current setup shows ETH consolidating just below resistance while holding steady and gradually pushing higher. Earlier support levels helped stabilize sentiment during the recent recovery, and now lower timeframe signals are gaining strength, aligning with the broader technical picture that supports a bullish outlook.

⬤ What makes this situation important is that a confirmed breakout above this major resistance band would validate the growing momentum in ETH. The market’s focus is now on whether Ethereum can sustain strength above $3,050-$3,150 or if it will continue consolidating below it—making this zone the key battleground for the near term.