Ethereum, a popular cryptocurrency also known as ETH, is currently selling for around $3,140. It is staying above a price level that was once difficult for it to pass.
Now, experts are watching to see if this old price ceiling can become a new price floor. If it does, Ethereum’s price could climb towards $3,700.
In the last day, Ethereum’s price has dropped a little, but it is still up by 5% for the week.
Why is the $3,100 Level So Important?
To understand this, we need to know two simple ideas: support and resistance.
- Resistance is like a ceiling. It’s a price that a cryptocurrency has a hard time going above.
- Support is like a floor. It’s a price that a cryptocurrency has a hard time falling below.
Ethereum is currently testing a price range ($3,050–$3,150) that used to be a ceiling. An expert named Michaël van de Poppe says that if the price can stay above this level, it’s a great sign. It shows that people are willing to buy Ethereum at a higher price than before. If this happens, he believes the next stop could be $3,700.
I’d love to see $ETH hold this previous resistance zone as support.
What does that say?
Well, it does say that buyers are willing to be stepping in on higher grounds than last week and that would signal a potential rally to $3,700. pic.twitter.com/tWjrviMBZq
— Michaël van de Poppe (@CryptoMichNL) December 4, 2025
However, if Ethereum’s price falls below this level, the next ‘floors’ or support zones are around $2,630 and $2,400.
Other Signs Experts are Watching
Different experts use special charts and tools to guess where the price might go next. Here are a few things they are seeing:
- The Big Picture: Another analyst, Ali Martinez, pointed out that the biggest price ceiling for Ethereum is way up at $4,800. He says that if ETH can break through that major ceiling, it could aim for much higher prices like $6,800 or even $8,800 in the future.
- Positive Chart Patterns: Some experts are seeing positive signals on their charts. One saw a breakout from a falling wedge pattern, which is a chart shape that often appears before a price goes up. Another pointed to a MACD bullish crossover. This is a technical signal that can mean an upward trend is starting.
- More Good News: Ethereum’s price is also above its moving averages. This just means the current price is higher than its average price over the past several days or weeks, which is usually a good sign.
Are Ethereum Holders Feeling Confident?
Data from the blockchain (the public record of all crypto transactions) can also give us clues. A tool called NUPL (Net Unrealized Profit/Loss) shows that most people who own Ethereum are currently in profit, meaning they bought it for less than it’s worth today. This suggests that holders are feeling confident and are not in a rush to sell.
Looking far into the future, some analysts are very optimistic. Tom Lee from the firm Fundstrat believes ETH could reach $20,000 by the year 2026. He thinks this could happen because of the growth of tokenization. This is the process of turning real-world things, like art or property, into digital tokens that can be traded on a blockchain like Ethereum.