Ethereum Holds $3,700 Support as Bullish Momentum Builds Toward $4,500 Resistance

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• Ethereum defends its $3,700 floor, signaling easing downside pressure.
  
• Technical indicators suggest a short-term bullish reversal.
  
• A move above $4,500 could open the path toward $5,000 resistance.

Ethereum (ETH) has managed to steady itself after a volatile week that saw prices briefly drop below the $4,000 mark. Despite that decline, the world’s second-largest cryptocurrency has held above its key support level at $3,700 — a sign that selling pressure may be easing and market sentiment improving.

The recent recovery above the $3,761 zone indicates that bulls are defending critical territory. Analysts suggest this could pave the way for a short-term rebound toward $4,300–$4,500, provided buying momentum continues to build.

Technical Signals Hint at Renewed Strength

On the 4-hour chart, Ethereum continues to trade within a descending channel that’s been in play since late August. Encouragingly, the Supertrend indicator has flipped bullish, showing ETH’s price trading above the trend line — a technical shift often linked to improving strength and renewed optimism among traders.

If this momentum holds, ETH could soon retest resistance around $4,527. A breakout above that level might confirm the ongoing “bull flag” pattern spotted on the daily chart, which typically signals a pause before the next leg higher in an uptrend.

Analysts See Healthy Consolidation, Not Capitulation

Market analysts like Ted Pillows argue that the recent correction was a “healthy reset” rather than a bearish reversal. Pillows points to Ethereum’s strong fundamentals, ongoing developer activity, and renewed interest in decentralized applications as supporting factors for the next price leg up.

$ETH failed to reclaim the $4,250 zone.

This is why ETH came down and retested the $4,050 support level.

So far, Ethereum is showing a strong bounceback and could rally towards the $4,200-$4,300 level again today. pic.twitter.com/iBjGOkDkiH

— Ted (@TedPillows) October 28, 2025

Also Read: MegaETH ICO Oversubscribed by $400M — Hype or FOMO Taking Over Ethereum Layer-2?

He adds that Ethereum’s current range between $4,050 and $4,300 reflects typical consolidation before a potential breakout — though a surge beyond $5,000 will likely demand stronger buying volume and broader market confidence.

Outlook: Ethereum’s Slow but Steady Path Forward

Ethereum’s defense of the $3,700 zone and improving technical indicators show resilience amid uncertainty. While a climb to $5,000 remains a stretch for now, the groundwork for a sustained recovery appears to be forming. For traders, the next few days could reveal whether this rebound is just a relief rally or the start of Ethereum’s next major uptrend.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.