Ethereum Price: Resistance $3,877–$3,987, Support $3,434
Ethereum price don climb reach seven-month high near $3,745, as over 317,000 ETH don comot from exchanges since July. Dis kain supply tightness dey support di rally and e dey set stage for next challenge. Glassnode on-chain analytics don show major resistance zone for $3,877–$3,987 based on chip distribution metrics. If e break that barrier well well, e fit attract new buyers. But if e no fit break am, e fit make people start take profit and small short-term pullback fit happen. The main support level na $3,434. Traders suppose dey watch this level to sabi if market dey stable when market dey volatile. Other downside targets dey near $3,530 and $3,131 if selling increase. On-chain indicators like NUPL ratio dey show say hope dey grow as e near Belief-Denial zone. If people dey monitor Ethereum price around dis resistance and support levels, e go help make better trading decisions. Using dis metrics for trading strategy fit help manage risk well and sabi when to enter, exit, and place stop-loss.
Bullish
Di big withdrawal of over 317,000 ETH from exchanges since July don tighten supply and push Ethereum price reach multi-month high. Glassnode on-chain data show clear resistance zone at $3,877–$3,987; if e break this level, e fit trigger fresh buying momentum, support further gains. Meanwhile, strong support at $3,434 (with secondary buffers at $3,530 and $3,131) dey limit downside risk and give favourable risk/reward for traders. Short-term traders suppose note say e fit get profit-taking near resistance, but if breakout strong e go reinforce bullish sentiment. For long-term, ongoing accumulation plus positive on-chain signals like the NUPL ratio dey show say upward pressure fit continue, making ETH price outlook generally bullish.