Ethereum (ETH) Near Breakout as Bulls Eye $3,880 Resistance and Potential New Highs

Ethereum (ETH) is showing renewed strength as it edges closer to a potential breakout, according to CoinDesk Research’s technical analysis model. The world’s second-largest cryptocurrency climbed on higher-than-average trading volume before facing resistance near the $3,860–$3,880 range — a critical zone that traders are watching closely for signs of a bullish continuation.

Crypto analyst Michaël van de Poppe highlighted Ethereum’s strong fundamentals, noting on X that the network remains the best ecosystem to invest in, driven by active developer participation, expanding products, and powerful network effects. He suggested ETH could soon make a push toward a new all-time high above $5,000 if current momentum holds.

ETH gained 1.5% to $3,822.60, with trading volume up 19.01% compared to the seven-day average, indicating increased market participation. The coin traded between $3,771 and $3,822 during the session, recording higher lows throughout. Momentum peaked at 2 p.m. UTC, with a surge to $3,887.35, followed by a late-session pullback of 1.3% as sellers defended resistance levels.

Support remains strong between $3,680 and $3,720, cushioning early-session weakness, while resistance at $3,860–$3,880 continues to cap upside moves. A decisive reclaim above $3,880 could signal a bullish breakout, potentially retesting the $3,887.35 session high and paving the way toward record territory. Conversely, a drop below $3,720 could shift momentum back to sellers, exposing $3,680 as the next key demand zone.

The CoinDesk 5 Index (CD5) mirrored ETH’s movements, rising from $1,878 to $1,925 before easing to $1,901, suggesting profit-taking across major cryptocurrencies. With buyers active but resistance intact, traders are waiting for a clear move beyond the $3,730–$3,880 range to confirm Ethereum’s next major trend.