Ethereum (ETH) is regaining momentum as bulls defend critical support at $3,500, sparking speculation of a breakout toward $4,000 and a potential year-end rally toward $6,200.

After briefly dipping below $3,100 earlier in November, ETH has rebounded sharply above $3,400, signaling renewed investor confidence. Analysts highlight strong technical levels, whale accumulation, and upcoming network upgrades as factors that could fuel the next bullish leg.

Ethereum Shows Resilience Above Key Support

After a turbulent start to November, Ethereum has stabilized above the $3,500 support zone. Following a brief dip below $3,100 on November 4th, ETH quickly rebounded past $3,400, signaling renewed buying strength. According to Binance data, the cryptocurrency is currently trading around $3,596.

Ethereum (ETH) is nearing key resistance at $3,700, with a daily close above this level potentially driving a rally to $4,000, while rejection could see a pullback to $3,400. Source: Ted via X

Market participants are observing Ethereum’s consolidation above the $3,550–$3,600 demand zone. As long as these levels hold, analysts maintain a bullish outlook. A decisive daily close above $3,700 could open the door for a breakout toward $4,000, while a rejection at resistance may trigger a pullback to $3,400.

“Ethereum is approaching a key resistance level now,” noted trader TedPillows. “If ETH closes above $3,700, it could rally toward $4,000. Otherwise, expect a correction toward $3,400 support.”

Technical Outlook: Targets and Trends

Ethereum has shown strong bullish momentum, reclaiming key structural levels. The price has followed an ascending trendline from the August lows, forming higher lows on short-term charts, which suggests that buyers are gaining control and preparing for a potential breakout.

Ethereum (ETH) looks poised for its next upward move, showing signs of bullish momentum on the 2-day chart. Source: Trader Tardigrade via X

Analysts have set specific technical targets: the first at $3,774, the second at $3,916, and the third at $4,148. Trader Tardigrade emphasized that turning the $3,572 resistance into support is crucial for sustaining the upward trend, and a clean close above this level could pave the way for Ethereum to reach $6,000, a price not seen since its all-time highs.

Fusaka Upgrade Could Boost Ethereum’s Appeal

Beyond technical factors, Ethereum’s fundamentals are attracting investor attention. The upcoming Fusaka network upgrade, scheduled for December 3, 2025, promises significant improvements to Ethereum’s scalability and efficiency.

Blockchain expert Ryan Adams explained, “Fusaka will enable Ethereum Layer 2s, such as Base, to handle tens of thousands of transactions per second. This could dramatically reduce ETH gas fees and enhance the network’s usability for developers and users alike.”

By improving transaction speed and lowering costs, the upgrade could increase adoption across decentralized applications and institutional platforms, supporting Ethereum’s bullish outlook.

Ethereum Price Prediction 2025: Path Toward $6,200

Looking ahead, analysts remain cautiously optimistic about Ethereum’s potential in late 2025. If ETH successfully holds $3,700–$3,800 as new support and the Fusaka upgrade delivers expected performance gains, Ethereum may embark on a bullish cycle reminiscent of its 2021–2022 uptrend.

Ethereum (ETH) maintains a bullish bias above the $3,550–$3,600 zone, with technical targets set at $3,774, $3,916, and $4,148, pending confirmation of a breakout. Source: Jos-ProTrader on TradingView

While risks persist—including broader crypto market volatility and uncertainties surrounding Ethereum ETFs—the convergence of technical and fundamental factors provides a compelling case for upward momentum.

Ethereum is building a solid base, and once market confidence returns, $6,200 could emerge as the first major milestone on its path to recovery.

Looking Ahead: Bull’s-Eye Year-End Breakout

Ethereum’s near-term focus remains on maintaining support above $3,550 while testing resistance levels around $3,700–$4,000. Should it succeed in a breakout, that could confirm the start of a new bull run, driving ETH to multi-thousand-dollar levels as institutional interest, whale activity, and network upgrades reinforce its market position.

As traders monitor the evolving landscape, Ethereum’s trajectory toward $6,200 may be a defining period in its post-ETF market evolution, which could provide both short-term trading opportunities and long-term investment potential.