Ethereum holds above the key support at $3600! Long positions target 3800, the trendline becomes the rebound lifeline | ETH price prediction

Ethereum ( ETH ) successfully held above the $3,400 support zone and has started to rebound, currently rising steadily. The price has broken through $3,550 and is holding above the 100-hour moving average, with a key bullish trendline support formed on the hourly chart (currently at $3,620). If it can hold the $3,600 level, ETH is expected to initiate a new round of upward movement, targeting the resistance levels of $3,800 and even $3,880. This article will analyze ETH short-term trading opportunities and stop loss risk control points in conjunction with Fibonacci retracement levels and long-short momentum indicators.

( Technical indicators strengthen: Trendline builds a bullish defense line ) After the rebound of Bitcoin, Ethereum started to pull back from $3,880, dropping below $3,400 and testing a low of $3,365. The price has now rebounded strongly, breaking through the resistance levels of $3,450 and $3,500, and successfully holding above $3,550 and the 100-hour simple moving average. A key development is the formation of an ascending trendline on the hourly chart, with current support at $3,620 (based on mainstream CEX ETH/USD data). The price has now broken through the 50% Fibonacci retracement level of the drop from $3,877 to $3,369, confirming the short-term bullish advantage.

( Upward Target Analysis: The Path to the 3800 Dollar Assault ) The current rebound faces the first resistance level at $3,720, and after breaking through, it will challenge the key level of $3,750—this point is close to the 76.4% Fibonacci retracement level of the decline from $3,877 to $3,369. If it successfully holds above, ETH will aim for:

1. First target level: $3,800 (previous high psychological level)
2. Second target level: $3,880 (recent swing high) A valid breakout above $3,880 will open up greater upside potential, with the short-term target expected to hit $4,000 or even $4,120, injecting a boost into the altcoin market.

( Downside Risk Warning: $3600 is the critical line for bulls and bears ) If it fails to break through the $3,750 resistance, ETH may restart the pullback. The key support levels are as follows:

• Primary support: $3,620 (trend line position)
• Bull-Bear Watershed: $3,600 (psychological barrier + technical support) Breaking below $3,600 will trigger further selling pressure, and the price may test $3,550. A continued failure to hold could challenge the $3,500 support, or even revisit the previous low at $3,450. Traders must strictly adhere to a stop loss at $3,600 to mitigate risks.

( Technical Indicators Validate Bullish Momentum ) The hourly technical indicators support the current rebound pattern:

• MACD Indicator: Positioned above the zero axis and the momentum bars continue to expand, bullish signal strengthens.
• RSI Indicator: Breaks above the 50 neutral zone, indicating bulls are in control. Key support level: $3,600 Key resistance level: $3,750

Conclusion: Ethereum is forming a rebound structure based on the support trend line at $3,620, with technical indicators simultaneously confirming bullish momentum. Short-term trading strategy advice: If the price holds above $3,700, you can add to your position in batches, targeting the range of $3,800 - $3,880; if it falls below $3,600, you need to decisively implement a stop loss. Pay close attention to the breakout situation at the resistance level of $3,750; whether this level can be decisively overcome will determine if there is room to open up to $4,000. In the current market environment, strictly adhering to risk control discipline remains the key for ETH traders to succeed.