Nov 11, 2025
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Ethereum Nears $3,700 Resistance Level Amid Potential Bullish Breakout
The Ethereum network is approaching a critical resistance level, sparking market interest. ETH's price action is currently near the $3,700 mark, which could determine its next direction.
- Crypto King, an analyst, indicates that ETH is at a pivotal point on the daily chart, testing the main uptrend line.
- If bulls push the price above $4,950, this may lead to a move toward $5,600, confirming a bullish trend.
- If the key level fails to hold, selling pressure could drop ETH towards $2,000, breaking the current uptrend.
- Traders are advised to wait for clear confirmations rather than reacting impulsively.
Price Facing Critical Resistance At The $3,700 Mark
- Ted Pillows, another analyst, notes ETH is nearing the $3,700 resistance level, crucial for short-term direction.
- Closing above $3,700 could trigger bullish momentum, potentially pushing prices to $4,000.
- Failure to break resistance might result in a pullback to the $3,400 support zone, indicating bearish control.
