🚀 Ethereum on the Move: Can ETH Hit $3,700?
Ethereum is making waves! With a 30% price rally since November 4, ETH broke past $3,000, igniting excitement in the crypto market. But the big question remains: Can ETH continue its upward momentum to $3,700?
🔑 What’s Driving ETH?
1️⃣ Rising Network Activity
• Daily active addresses surged from 377K (Oct 27) to 488K (Nov 19).
• Transactions climbed to 1.29M (Nov 15), pointing to higher engagement across Ethereum, Polygon, Arbitrum, and more.
2️⃣ Decentralized Finance (DeFi) Growth
• Ethereum’s Total Value Locked (TVL) jumped 25% since Nov 5, reflecting increased confidence in its ecosystem.
3️⃣ Smart Money is Watching
• On-chain data reveals positive sentiment from smart money (score: 2.28/5). Whales and experienced investors are betting big on ETH, signaling potential gains ahead.
📊 ETH Price Action: What to Expect?
• Bullish Setup: Ethereum is forming a U-shaped recovery pattern. A breakout above $3,376 could push ETH to $3,735 (+20%).
• Support Levels: $3,000 is strong support, backed by 3.1M ETH bought at this level.
• Resistance Zones: To climb higher, ETH must break through $3,200, where 6.1M ETH was previously acquired.
💬 What’s Your Move?
Are you holding ETH, or waiting for the next dip?Will Ethereum complete the U-shaped pattern and soar to $3,700?
💡 Drop your thoughts below!