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$ETH Update – Midterm Outlook
Ethereum is holding strong above the $3,700 zone, now testing a key weekly resistance block around $3,800–$4,000. This level acted as a major rejection zone in past cycles.
If ETH breaks and holds above this resistance, a retest and continuation toward $4,500+ is possible, especially with rising on-chain activity.
However, failure to flip this zone may send price back to retest $3,200 or even the $2,800–$2,900 range for liquidity and confirmation.
⚠️ Watch price action closely here — breakout or rejection could shape ETH’s Q3 trend.
NFA! 📌