Ethereum at $3700: Will ETH Break Through on a Bull Market or Face a Reversal at the iHS Neckline

COINOTAG News reported on December 3 that a prominent crypto analyst on Platform X outlined two potential paths for Ethereum (ETH). The analyst argues that the current move hinges on whether the bull market remains intact; if the uptrend holds, ETH could clear the $3,700 barrier and extend higher. From a technical standpoint, the $3,700 level corresponds to the iHS neckline, a formation traders watch for directional change. A failed test near this resistance may invite consolidation, while a sustained breakout could signal renewed bullish momentum. The analyst has published observations on TradingView since 2014, underpinning a data-driven approach to ETH price analysis.

Separately, the observer previously warned in early November of a possible correction; a move below $3,100 would align with bearish scenarios, while a decisive break above $3,700 would support a continued ascent. Readers should monitor liquidity and macro risk factors when assessing risk-reward near key technical thresholds.