Ethereum (ETH) has shown remarkable resilience and stability in recent days. After a period of downward pressure, the coin has successfully found support at a key price level, seemingly paving the way for a resumption of the upward trend. The central question for many investors is: can ETH maintain this strength to return to the psychologically important $3,650 level?

Long-Term Perspective: Historical Support Levels

After a recent downward phase — characterised by lower highs and lower lows — the Ethereum price has reached the green support zone again. The reaction from this level is positive: we see a clear rebound. This suggests that the market recognises this area once more as a strong base for potential growth.

Formation of a New Upward Trend

Zooming in on the 4-hour chart, we can see the details of recent market movements. It is evident that Ethereum is forming a new upward pattern: a series of higher highs and higher lows.



The beginning of such a pattern is often viewed in technical analysis as an early sign of a more sustained price recovery. As long as Ethereum manages to stay above the most recently formed lows, the outlook is considered positive.

Implications for the $3,650 Price Target

If the current upward structure holds, the most direct path is an increase toward a crucial resistance level (often referred to as a 'black price level' in analyses). Breaking through this intermediate resistance point would open the doors for Ethereum (ETH) to reach its ultimate long-term goal: surpassing the previous peak, with the potential to push toward $3,650.

In summary:

Positive: The upward pattern of higher highs and lows is in motion.

Crucial: The price must hold the historical support levels.

Target: If this succeeds, a move toward $3,650 becomes plausible.

It is important to closely monitor upcoming price developments, as the market remains highly sensitive to both macroeconomic shifts and technical levels.

Disclaimer: This is not financial advice. Always consider conducting your own research and consulting professional guidance before investing.