Ethereum’s price has resumed its upward trajectory, currently trading at $3,730. It has maintained a position above the $3,300 support level since late December 2024, indicating a strong market performance.

The cryptocurrency encounters a notable resistance at $3,750, which it has not yet surpassed. Analysts suggest that if Ethereum can break through this barrier, it may aim for $4,094, with the potential to reach a new high of $5,200.

Technical indicators reveal that Ethereum’s price bars are positioned above the moving average lines, suggesting a bullish outlook. The 4-hour chart shows an upward correction, with horizontal moving averages trending upwards. Key resistance levels are identified at:

• $4,000
• $4,500

Meanwhile, support levels are established at:

• $3,500
• $3,000

The market sentiment remains positive, with expectations of further gains if Ethereum surpasses the $3,700 and $3,900 resistance levels.

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