Ethereum is retesting the $3,500 support after a breakout; this level now separates bullish continuation from renewed consolidation. If weekly candles hold above $3,500 and ETH reclaims $4,868, analysts target $6,800–$8,000 as the next upside zones.
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$3,500 is the decisive support level
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Reclaiming $4,868 would validate bullish continuation toward higher targets
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Analyst targets: $6,800 (linear projection) and $8,000 (Wyckoff expansion)
Ethereum retest $3,500: Monitor weekly closes above $3,500 to confirm breakout continuation — learn the targets and next steps.
What does Ethereum’s retest of $3,500 mean for price direction?
Ethereum retest $3,500 signals a critical decision point: hold above $3,500 and the breakout remains valid; close below it and ETH risks slipping back to $3,000–$2,850 consolidation. Weekly candle behavior around $3,500 will indicate whether bullish momentum or re-accumulation dominates.
How can Ethereum reach $6,800 or $8,000?
Analysts mapped two scenarios. CryptoBullet uses a linear breakout-retest projection targeting $6,800 if ETH reclaims its prior all-time high at $4,868. Bitcoinsensus applies a Wyckoff re-accumulation view and lists $8,000 as a potential expansion target after the Last Point of Support phase completes.
Ethereum retests $3,500 support as analysts weigh breakout targets between $6,800 and $8,000.
- CryptoBullet identifies $3,500 as the key level separating continuation from renewed consolidation.
- Bitcoinsensus links current price structure to the Wyckoff re-accumulation phase ahead of expansion.
- Targets at $6,800 and $8,000 depend on Ethereum reclaiming $4,868 to confirm bullish continuation.
Weekly structure: Ethereum’s weekly structure has returned to a previously cleared resistance band. CryptoBullet notes ETH broke above a long-term descending trendline and is now revisiting that breakout level as a retest.
Retest mechanics: The pullback has driven ETH toward the $3,500 area, aligning with former resistance now acting as support. CryptoBullet described wicks to $3,500 as acceptable if weekly candles remain above the level, preserving the breakout thesis.
What is the retest zone and short-term momentum outlook?
The $3,650–$3,700 range acted as the breakout trigger, while $3,500 is now the retest area. Short-term momentum hinges on weekly closes: sustained closes above $3,500 support the bullish scenario; failure to hold opens the $3,000–$2,850 downside pocket.
Source: CryptoBullet on X
Downside risk: If ETH fails to maintain $3,500 on weekly closes, price could revisit the $3,000–$2,850 area. That outcome would indicate renewed consolidation and negate the breakout continuation thesis outlined by analysts.
Why does the Wyckoff framework matter for this move?
Bitcoinsensus applies the Wyckoff re-accumulation schematic and identifies the current phase as the Last Point of Support, which historically precedes final expansion. Under this view, a validated Last Point of Support increases the probability of a strong upward impulse.
Target comparison: CryptoBullet’s linear projection lists $6,800 as the near-term target post-confirmation, while the Wyckoff expansion view from Bitcoinsensus suggests $8,000 as a possible longer-range objective.
Frequently Asked Questions
Is $4,868 the key level for bullish confirmation?
Yes. Reclaiming the prior all-time high at $4,868 is widely cited by analysts as the trigger for confirming bullish continuation and enabling measured targets above $6,800.
What happens if weekly candles close below $3,500?
Weekly closes below $3,500 would likely result in a deeper pullback into the $3,000–$2,850 range, indicating a return to consolidation rather than continuation toward higher targets.
Key Takeaways
- Decisive support: $3,500 separates continuation from breakdown; watch weekly candles.
- Upside triggers: Reclaiming $4,868 opens paths to $6,800 (projection) and $8,000 (Wyckoff expansion).
- Risk management: Prepare for the $3,000–$2,850 pocket if weekly closes fail below $3,500.
Conclusion
The current weekly structure frames $3,500 as the pivotal support that will decide whether Ethereum resumes its breakout or returns to consolidation. Ethereum retest $3,500 remains the short-term defining storyline; traders should monitor weekly closes and the $4,868 level for confirmation. COINOTAG will continue to track developments and update targets as price action unfolds.
