Ethereum Targets $2890 Support, Primed for Explosive Rally to $3650 and $4250

Ethereum isn't just holding a line—it's building a launchpad. The $2890 support level has become the new battleground, and a successful defense could ignite the next major leg up.

The Technical Setup: A Springboard, Not a Floor

Forget about quiet consolidation. The market is watching that $2890 zone with the intensity of a hawk. It's not merely a price point; it's the critical inflection where accumulation meets momentum. A bounce here doesn't just signal stability—it screams potential.

Targets in Sight: The Path to Revaluation

The first major hurdle sits at $3650. Clearing that resistance would confirm the bullish structure and open the highway toward the $4250 region. These aren't arbitrary numbers plucked from thin air; they represent key technical milestones that, if breached, could trigger a cascade of algorithmic and institutional buying. Of course, watching traditional finance scramble to justify these moves after the fact is its own kind of entertainment.

This isn't about hope. It's about structure, liquidity, and the raw mechanics of a market finding its next equilibrium—significantly higher.

Ethereum December Close Gains Importance

Recently, crypto analyst Crypto Patel has shared his outlook on Ethereum’s monthly trend, pointing out that the month of December might prove to be crucial in determining the market dynamics.

“If December closes in the red, 75% of the months in 2025 will have ended lower for ETH,” said Crypto Patel. This highlights the consistent selling pressure witnessed in the ethereum market during the year.

Ethereum Near Crucial Support Zone

Crypto Patel also noted that Ethereum is currently testing a major level of structural support at $2,890. This level is a point of structural demand, and it is crucial to stay above it to preserve the bullish market structure. As he stated, if this level continues to hold, ETH could potentially break onward and resume its increase to $3,650 and $4,250.

However, the analyst went on to say that breaking the $2,890 level WOULD negate the bullish argument, opening up the charts to more downside risks. Patel explained that the market is currently in a binary area, meaning that the ‘big move’ is about to happen either way, depending on how Ethereum reacts at this critical level.

Investors and Ethereum supporters are now closely monitoring the price movements in ETH to determine the possibility of recovery or continued pressure. Some reports suggest that one of the most important factors to focus on now is the support and resistance level in the high time-frame chart.

Given that 2025 has already turned out to be a tough year for ETH investors, the next few days are likely to be crucial in deciding whether ETH will regain pace and aim for greater value towards the end of the year.