Ethereum Primed for 37% Surge: ETH Targets $3,684 as Bulls Take Control

Ethereum's price action is flashing bullish signals—and traders are betting big on a breakout.

ETH's technical setup suggests a potential 37% rally toward $3,684, a level last seen during the 2024 market frenzy. The second-largest crypto by market cap has been consolidating below key resistance, but on-chain metrics and derivatives data hint at accumulating momentum.

Meanwhile, Bitcoin maximalists are scrambling to explain why their 'digital gold' is underperforming ETH's DeFi-fueled engine. Classic.

If the resistance crack holds, we could see altseason fireworks—just don't tell the SEC.

Ethereum Builds Momentum With Bullish Technical Setup

Ethereum recently completed a rounded bottom pattern between March and May, suggesting a potential trend reversal. The neckline of this pattern lies at $2,700, and since then, ETH has been trading in a sideways range between $2,434 support and $2,700 resistance.

Currently, Ethereum is approaching the 0.236 Fibonacci retracement level at $2,571, which could act as a trigger for a renewed bullish rally. Importantly, ETH has now moved above both its 50-day and 200-day Simple Moving Averages (SMA), a bullish signal that confirms growing momentum.

Adding to this, Ethereum has formed a golden cross — a technical event where the 50-day SMA crosses above the 200-day SMA. This pattern is widely viewed as a long-term bullish signal, reinforcing the case for a breakout above $2,700.

RSI and Market Sentiment Support ETH Price Growth

Looking at momentum indicators, Ethereum’s Relative Strength Index (RSI) is currently hovering around 53.7, placing it in a neutral-to-bullish zone. This level indicates the market is not yet overbought, leaving room for further upward movement.

Market analysts suggest that if ETH maintains its position above $2,500, the path toward $2,700 and beyond could remain intact. Continued investor interest and strong volume could be the key drivers behind the next leg up.

Ethereum Price Prediction: Can ETH Rally to $3,684?

Technical projections indicate that a breakout above the $2,700 neckline could pave the way toward the 0.618 Fibonacci extension level, located near $3,684. This WOULD represent a 37% gain from Ethereum’s current price.

However, there are key levels to watch in case of a pullback. If ETH fails to hold the $2,500 support, traders should keep an eye on $2,227 and $2,073, which correspond to deeper Fibonacci levels and could offer buying opportunities in a correction.

The bullish thesis remains intact as long as Ethereum stays above the $2,434 support zone. Institutional activity, such as Bit Digital’s major ETH purchase, provides strong on-chain validation for continued upward movement.

Bit Digital’s Ethereum Accumulation Sends Strong Signal

Bit Digital’s decision to swap Bitcoin for Ethereum is more than a portfolio rebalancing — it reflects growing institutional confidence in Ethereum’s long-term value. By converting a significant portion of BTC holdings into over 100,000 ETH, the firm has effectively placed a large bet on Ethereum’s role in the future of digital finance.

This accumulation not only impacts short-term price dynamics but also highlights Ethereum’s increasing appeal among institutional investors, especially ahead of potential ETF approvals or broader adoption of Ethereum-based infrastructure.

Ethereum Remains a Key Player in the Crypto Market

Ethereum’s dominance in DeFi, NFTs, and smart contracts continues to set it apart from other cryptocurrencies. As the network transitions further into proof-of-stake (PoS) and upgrades its scalability through rollups and sharding, ETH’s utility and value proposition are expanding rapidly.

Analysts believe that Ethereum’s long-term fundamentals — including its deflationary tokenomics, staking rewards, and ecosystem development — are likely to support further price appreciation over the next few quarters.

Conclusion: ETH Bulls Eye $3,684 if Momentum Holds

In summary, Ethereum’s price has pulled back slightly but remains in a strong technical setup backed by institutional accumulation and favorable momentum indicators. The recent golden cross, rising RSI, and volume spikes all support the case for a bullish breakout.

If Ethereum can successfully break above the $2,700 resistance, the next target lies NEAR $3,684, offering a potential 37% upside. Short-term dips below $2,500 may provide new entry points for traders, but the larger trend appears to be upward — especially with institutional players like Bit Digital showing confidence in ETH’s future.