Ethereum Cost Holds Steady at $3.6K as $7K Goal Remains Ambitious
Ethereum, the second-largest cryptocurrency by market cap, is currently trading near $3,648, holding steady after a recent dip. The digital asset is locked in a critical range, moving between strong resistance and Fibonacci-based support zones.
According to analysts, Ethereum needs a move above the major resistance for a confirmed breakout. A confirmed breakout could drive the price towards the 0.618 and 0.786 Fibonacci levels, as explained by Clay. For now, the $3,600 zone remains the battleground where Ethereum's next move will be decided.
The Relative Strength Index (RSI) is around 54, leaving room for upside. The MACD remains in a positive crossover, another positive technical signal. Ethereum held higher lows while Bitcoin dropped to a lower low, demonstrating resilience under pressure.
However, there are some bearish indicators to consider. Key levels to watch include near-term resistance at $3,720 and $4,000, with support around $3,624 and lower levels near $3,360 based on EMA and technical indicators. The RSI and other momentum indicators currently show some bearish divergence, suggesting caution.
Despite these bearish signals, overall technical signals remain bullish above approximately $3,497. Corvinus, a crypto analyst, highlighted a hidden bullish divergence in Ethereum's RSI, and Marcus Corvinus observed that Ethereum has shown hidden strength compared to Bitcoin. Bearish volume has been fading, signaling weaker selling interest.
This pattern, where RSI printed a lower low while price held a higher low, often leads to continuation, not reversal, according to Corvinus. He believes consolidation near the top favors another leg up, with targets for this cycle at $7K-$8K. If the resistance is not cleared, a slide to support is a possibility.
The trading volume is still low, requiring stronger buying pressure for a true breakout. Ethereum is trading above the 200-day EMA, which supports a constructive technical outlook.
Medium-term forecasts for Q4 2025 are more bullish, with analysts like Tom Lee predicting an ETH price between $10,000 and $15,000, and Colin Talks Crypto envisioning a rise up to $20,000. Fundstrat’s valuation model supports a target near $15,000, and growing institutional adoption alongside tokenization trends could push prices even higher, potentially up to $18,000. Analysts also cite record ETF inflows and stablecoin issuance as key factors supporting a surge past $4,000 and new all-time highs in H2 2025.
In summary, Ethereum’s price is facing immediate hurdles around $3,700–$4,000, but a sustained breakout could drive a rally toward $10,000 or beyond in the medium term, supported by strong fundamentals and institutional growth. Investors should keep a close eye on the key resistance levels and the overall market conditions before making any investment decisions.
- NSE (National Stock Exchange) could potentially list Ethereum's exchange-traded funds, offering investors a new way to invest in the second-largest cryptocurrency by market cap.
- In accordance with the continued adoption of blockchain technology and the growing interest of institutional investors, Bitcoin and Ethereum could experience a price surge, potentially reaching levels like $18,000 for Bitcoin and $20,000 for Ethereum.
