Ethereum shows a strong upward trend, facing pressure at trading levels and moving towards important resistance.
Current Ethereum Price and Market Trends
Currently, Ethereum (ETH) is trading around $3,607 with a slight daily decline of 0.01%. This indicates the price fluctuates between $3,595 and $3,758. Over the past week, a rise of about 13-14% has been observed, suggesting a returning investor interest in this asset.
Technical Analysis: Rising Channel
Ethereum is approaching the upper boundary of a multi-year rising channel. This channel shows a pattern where the price oscillates between two rising trend lines. Any dip near the lower boundary of the channel typically leads to price increases. The latest increase occurred in early 2025 after hitting the lower boundary, indicating accumulating bullish momentum.
Outlook for Traders and Long-term Holders
The current price near $3,700 may offer profit-taking opportunities for short-term traders. However, if the situation remains favorable, ETH may overcome resistance at $3,800-$3,900 and aim for $4,500 in 2025. Currently, the key support level is at $3,595-$3,600, and any potential fall below this mark may lead to price consolidation.
Overall, the Ethereum market shows strengthening signs, and in the coming weeks, testing key resistance levels seems possible. This tense situation leaves open both growth opportunities and risks for short-term positions.
