Ethereum at a Turning Point

Short-Term Outlook (1–2 Weeks)
Ethereum has been moving inside a descending channel, with recent price action testing the lower boundary. The 50-day moving average (SMA50) around $4,380 acts as strong resistance.
Currently, ETH is trading below that level and close to the lower trendline — a zone of high sensitivity.

If price rebounds and closes above $3,900, a short-term recovery toward $4,250–$4,500 is likely.
However, a daily close below $3,700 would confirm a breakdown, opening the path toward $3,400–$3,200.

Short-Term Setup:
Entry Zone: Above $3,900 after confirmation
Targets: $4,250 → $4,500
Stop Loss: Daily close below $3,700

Long-Term Outlook (1–3 Months)
ETH remains within a medium-term descending channel, showing no confirmed breakout yet.
If it can reclaim and sustain above $4,500, the bearish pattern would be invalidated, and a rally toward $4,800–$5,000 could follow.
But a confirmed breakdown below $3,700 would strengthen the bearish case, potentially leading price down to $3,200–$2,900.

Long-Term Setup:
Bullish Case: Close above $4,500 → Targets: $4,800 → $5,000
Stop Loss: Below $3,900
Bearish Case: Close below $3,700 → Targets: $3,200 → $2,900
Stop Loss: Reclaim above $3,900

Summary:
Ethereum is standing right at a decision zone. The $3,700 level acts as the key pivot — holding it could trigger a rebound toward $4,500, while losing it might mark the start of a deeper correction in the months ahead.