Current price: 3782
Key point: 3693
Our preferred direction: Buy positions above 3693 levels with 4085 as a first target and then 4300 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 3693 level, targeting the 3500 levels.
Technical commentary
Ethereum rose from the support levels 2820-2860, breaking through the resistance levels 3560-3695, to stabilize above them and form an ascending price pattern targeting the next resistance levels at 4085, then targeting the 4300 levels.
