Ethereum is currently trading around the $3,700 level and continues to lose momentum on lower timeframes. As mentioned in our previous analysis, ETH has been trading sideways for some time and remains weak in its overall structure. Since the flash crash last month, the price has struggled to recover and continues to move within a broader downtrend. Although a short-term bullish divergence did form recently, it has not translated into any meaningful upside. At present, the price is retesting a key support zone, and a break below this level could trigger a deeper correction. Let’s take a closer look at the latest Ethereum charts to see where the price could be headed in the coming days.

Our Ethereum Price Prediction Summary

• Ethereum remains under pressure as it trades below key support, signaling weak momentum and limited buyer activity.
• A confirmed breakdown below $3,700 could open the door for a deeper move toward the $3,500 zone.
• Bulls need to reclaim $3,750 to signal any short-term stabilization in Ethereum’s structure.

Analyzing the Charts

ETH Tests Lower Boundary of Ongoing Range

Looking at the latest 4-hour chart for Ethereum, the price has been moving sideways for the past few weeks without any notable volatility. At the moment, ETH is retesting the lower boundary of this consolidation zone, which lies around the $3,750 level, and the current candle is slightly pushing below it. If the price confirms a breakdown from this zone, it could signal a continuation of the correction triggered last month. In that case, the next potential target for Ethereum would likely be around the $3,500 mark.

Critical Support Level Back in Focus on Daily Chart

On the 1-day chart, the key levels remain largely the same. The main resistance to watch is around the $4,250 mark, which has already rejected the price twice in succession, indicating that bears still have control. Following these rejections, ETH is now moving back toward the critical support zone near $3,700. The current daily candle is pushing below this level, and a confirmed close beneath it could signal a continuation of the correction. If that happens, the next potential target for Ethereum would likely be around the $3,500 mark.

Failed Bullish Setup Points Toward Further Downside

We can see that a bullish divergence had formed earlier on the daily chart, but it only led to some sideways movement without any strong push from buyers. Now the price is starting to move below a key support level, which could invalidate that divergence altogether. If this breakdown confirms, the short-term Ethereum price prediction will stay on the bearish side as the price continues to show weakness and struggles to gain momentum.

Final Takeaway: What is Next for Ethereum (ETH)?

Ethereum continues to face pressure as it trades near a key support zone around $3,700. The recent price action shows weakness, with momentum indicators still leaning bearish. Unless buyers step in to defend this level, ETH could extend its correction toward the $3,500 area in the short term. On the other hand, a recovery back above $3,750 and sustained strength above that range would be the first sign of stabilization. For now, the overall outlook for Ethereum remains cautious as the market is showing weak signs of momentum with Bitcoin also struggling.