Ethereum Price Prediction: Will ETH Hold $3,700 or Break Lower?

$3,700 Support Zone Defines Ethereum’s Next Big Move

Ethereum (ETH) is at the crossroads, as traders eye the $3,700 mark. The second-largest cryptocurrency has been resilient over the last few weeks, but rising volatility suggests that the coin could break out or down. Analysts pointed out major technical and on-chain signs suggesting that the next action could clarify the token's trend throughout the rest of the year.

At this point, Ethereum price movement is an indicator of a pull between bullish bias and negative pressure. With the $3,700 zone acting as a key battleground, the market is high with anticipation of whether ETH can sustain this structure or slip into a deeper correction.

ETH Price Prediction: Support Holds Amid Weak Momentum

Analyst Ted noted that the crypto is trading around the crucial $3,700–$3,750 support zone, a level that has historically attracted strong buying interest. Multiple retests of this level reinforce its importance as a demand zone. However, lower highs point to fading bullish strength, suggesting that traders are cautious despite firm support.

ETHUSD 1D CHART | SOURCE: X

If the level is preserved, ETH could rebound to $3,950-$4,000, where the next cluster of resistance awaits. A move over $4,180 would be a clear shift in perception and could lead to $4,265. Nonetheless, a continued decline to under $3,700 could result in a rapid decline to $3,550-$3,350, validating bearish continuation. This Ethereum price prediction will be determined by the ability of buyers to regain control soon.

On-Chain Volume Hints Accumulation

According to Rand, ETH network fundamentals are healthy despite the uncertainty in price. In October, the volume of stablecoin transfers reached an all-time high of $2.82 trillion, which is a 45% rise over September. This wave of activity marks an increase in on-chain liquidity and a new surge of engagements in the Ethereum DeFi ecosystem.

Stablecoin Transfer Volume: X

Historically, major rallies have been marked by spikes in stablecoin transfers as more capital flows in. The data suggests that traders and institutions are hedging before the potential volatility. If this liquidity is kept active in DeFi protocols, the long-term resiliency of the asset could keep supporting price recovery even during times of short-term consolidation.

What’s ETH’s Next Trend?

Moreover, analyst NekoZ pointed to the $3,732 level as Ethereum's decision point. This level corresponds to a long-term positive trend that has directed the market since the beginning of 2024. A close above it would rekindle bullish sentiment, targeting the $4,957 resistance zone.

ETHUSD 1D CHART | SOURCE: X

However, failing to hold above this structure could lead to selling pressure, pulling the token to mid-$2000s. The next price shift could define the coin's trajectory, since momentum, liquidity, and sentiment are in line. At the same time, this Ethereum price prediction highlights the critical turning point between accumulation and distribution, a point that could determine its course of action into 2026.