Etheruem’s next price target: ETH can cross $3700, IF…
What is Ethereum's next key resistance zone?
Ethereum's next key resistance zone is between $3,582 and $3,829. This area has been a critical barrier for ETH for nearly three years3.
Why might Ethereum experience a retracement next week?
Ethereum might experience a retracement next week due to its bearish market structure on the daily chart and subpar volume in recent days. The weak volume makes it difficult to confirm bullish strength, and the CMF shows a notable capital flow out of the market. Additionally, the OBV has not started an uptrend, indicating that buying volume has stuttered over the past ten days.
How did Ethereum's price behave on July 13th?
On July 13th, Ethereum's price closed a daily trading session at $3,201, breaking out of the resistance zone in the $3.1k area. Despite the achievement, the market structure and momentum were bearish in the daily timeframe, with weak volume indicators.