Ethereum Heads Toward Highest Quarterly Close Ever if Price Holds Above $3,700

Ethereum nears record quarterly close above $3,700, with breakout patterns signaling a $6,400 target.

Key resistance zones remain at $4,158, $4,307, and $4,505 before price can retest the $4,950 high.

Ethereum shows signs of entering an expansion phase, with long-term projections pointing toward $6,000.

If ETH closes above $3,700, this would mark the highest quarterly close ever. Only two days remain before the Q3 candle closes. Current chart patterns suggest that if confirmed, the breakout of the “W” structure points to a possible long-term target near $6,400.

Ethereum Price Structure and Resistance Levels

According to analysis prepared by Titan of Crypto, the Ethereum three-month chart shows a breakout above long-term resistance near $3,000. Previous attempts in 2022 faced repeated rejections at this level, leading to steep declines. Current momentum is stronger, with price action confirming a breakout zone.

Ethereum traded at $4,124.29, recording a 3.1 percent gain within 24 hours, according to data from CoinGecko. The trading range spanned between $3,971.15 and $4,141.84, reflecting steady growth. Market capitalization reached $497.8 billion, with circulating supply aligned at 120.7 million ETH.

Source: AliCharts(X)

Additional resistance levels were identified at $4,158, $4,307, and $4,505 based on Glassnode’s UTXO Realized Price Distribution. These zones reflect past heavy buying activity, where selling pressure may emerge as investors seek breakeven exits. Overcoming these levels would be required for Ethereum to challenge its all-time high near $4,950.

Trading Activity and Market Outlook

Trading activity remained strong, with a 24-hour volume of $27.2 billion, showing active market participation. Ethereum also gained 0.7 percent against Bitcoin, trading at 0.03678 BTC per ETH. Positive price action was supported by a rebound from intraday lows above $3,970.

Source: ZYN(X)

According to ZYN, Ethereum is currently moving through a Power-of-3 pattern. Accumulation and manipulation phases have already occurred, while the asset has now entered the expansion stage. Based on this pattern, ZYN suggested that a $6,000 price target by November 2025 is highly likely.

Technical indicators also support the recovery outlook. Ethereum formed a bullish divergence on the RSI, while breaking above a key bearish trend line. If price clears the $4,200 level, a short squeeze could accelerate momentum, with targets between $4,250 and $4,350.

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