Ethereum’s Make-or-Break Moment: Why $3,653 is the Magic Number to Crush Bearish Sentiment
Ethereum bulls are staring down a critical resistance level—failure to reclaim $3,653 leaves the king of smart contracts trapped in bearish purgatory.
The Line in the Sand
Market structure flips from bearish to bullish only if ETH punches through $3,653—a level that’s now acting like a financial force field. Traders clinging to hopium point to historical rebounds, but skeptics see another 'buy the rumor, sell the news' setup brewing.
What Happens Next?
A clean breakout could trigger algorithmic buying frenzies. Stall here, and we’re revisiting the dreaded 'crypto winter' playbook—where 'discounted ETH' just means bagholders averaging down for the tenth time.
Funny how these make-or-break levels always appear *after* the whales finish repositioning, isn’t it?
Momentum Weakens as ETH Approaches Breakout Zone
ETH’s momentum profile leans bearish, with the RSI sitting at 34, firmly below midline but not yet forming bullish divergence. This means price and momentum are aligned to the downside, not working against each other, a sign that sellers are still influencing direction.
Historically, ETH has staged recoveries from similar RSI levels, but only when paired with a firm reaction at trendline support.
Key near-term technical levels include:
- Support: $3,060, followed by $2,632 and $2,192
- Resistance: $3,485, $3,653, and $4,242
- Structure trigger: Daily close above $3,653 to break the bearish pattern
ETH’s positioning inside the triangle suggests that a decisive move is close. If buyers manage to hold $3,060 and print a bullish engulfing candle, the first upside target becomes the triangle’s upper boundary near $3,485, followed by the critical $3,653 level that WOULD formally flip the bearish structure.
A breakout here would allow ETH to reclaim the 20-day EMA, retest the trendline from above, and potentially accelerate toward $4,242—a major resistance shelf.
Ethereum (ETH/USD) Forecast: ETH’s Next Move Could Be Sudden
Ethereum price prediction seems neutral as symmetrical triangle is in play. A clean breakdown below $3,060 would snap the long-term rising trendline, exposing ETH to a deeper pullback into $2,632 and then $2,192, the next two liquidity pockets on the daily chart.
Given how tightly ETH is currently compressed, any violation of support could trigger a fast, momentum-driven move.
But if ETH reclaims $3,653, the narrative flips instantly. That level represents both structural reversal and a psychological shift back in favor of buyers. A close above it would confirm a bullish breakout from the triangle, setting the stage for a renewed uptrend.
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