Ethereum Smashes Against Resistance Wall—Will Bulls Break Through?

Ethereum''s price action just hit a make-or-break level—again. The $3,800 resistance zone has become crypto''s version of Groundhog Day, with ETH testing it for the third time this quarter. Traders are either loading up for a breakout or bracing for another rejection.

Technical indicators show a coiled spring: RSI flirting with overbought, volume creeping up, and futures open interest at a 90-day high. But as any seasoned degen knows, liquidity hunts often come before the real move.

Meanwhile, Bitcoin''s sideways shuffle keeps altcoins hostage. If ETH clears this hurdle, targets line up at $4,200 and the April 2025 ATH near $4,800. Fail here? Back to the $3,400 support playground—where ''buy the dip'' meets ''why didn''t I sell?''

Funny how these key levels always seem to appear right after CME futures expiry weeks. Totally coincidental, we''re sure.

ETH/USD at critical juncture

Source: TradingView

Going straight into the higher time frame for $ETH it can be seen that the number 2 cryptocurrency by market capitalization is at a critical juncture. The price has been in a range during the last few weeks and is right at the top of this currently. If the bulls can tip the price over and into the horizontal resistance band that stretches from $2,750 up to $2,900, the $ETH price could have the chance to consolidate here; perhaps moving sideways for a period until shorter-term time frame Stochastic RSIs can reset.

$ETH confirms breakout against $BTC pair

Source: TradingView

The 4-hour time frame for ETH/BTC reveals that $ETH has just penetrated the descending trendline, has come back to test it, and is now consolidating above. A higher high has been made, although out in the higher time frame of the weekly, the Stochastic RSI indicators have reached the top, meaning that there could be a longer period of consolidation to come.

Huge task confronts $ETH bulls against $BTC

Source: TradingView

Zooming out into that weekly time frame for ETH/BTC the sheer size of the task confronting the $ETH bulls becomes apparent. While $ETH is up 40% against its $BTC pair recently, this is still a drop in the ocean compared to what needs to be done.

It can be noted just how strong the current horizontal resistance level is. However, the bulls have to start somewhere and if this level can be overcome, the next resistance is at 0.03 BTC. The $ETH bulls will need all the luck they can get.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.