Ethereum Holds Above $3.6K Demand Zone, Eyes $4.7K Rally and New Highs

Ethereum is holding its support this could trigger a breakout toward $4,700 soon.

Rising stablecoin inflows of nearly $1 billion into Ethereum, reflects growing on-chain interest in ETH.

Market heatmaps reveal high liquidity at $4,400–$4,800 levels,traders are expecting Ethereum to maintain upward momentum.

After a recent dip Ethereum recovered and is holding strong support between $3,600 and $3,800. Stablecoin inflows and liquidity zones show growing market interest , traders are watching for a possible breakout toward $4,700.

Pressure Builds Ethereum Holds Support

Ethereum is trading in a tight range between $3,800 and $4,000 after falling from above $4,400 earlier this month.This shows the market is uncertain and waiting for a clear direction,

Analyst Crypto Candy says Ethereum is taking support in the $3,600–$3,800 demand zone. He adds that support levels to watch include $3,355, $3,485, $3,649, and $3,822,and if they hold, the next target could be $4,754 but If price drops below these levels, more downside may follow.

On the charts, momentum remains weak. This shows Ethereum is in a pause, waiting for either buyers or sellers to take charge.The RSI is at 45.72, showing slight bearishness. The MACD is barely positive, with no strong signal yet

Mixed Views from Analysts on ETH’s Next Move

Not all analysts are bullish. Crypto Damus warns that Ethereum is showing a bearish setup on the weekly chart. He says the MACD is close to a red cross, which could lead to a bigger drop.

Another analyst, Marzell, says Ethereum is near a “crash zone.” However, he adds that the $3,690–$3,750 range could attract buyers. If that happens, ETH might bounce and start moving up again.

There is also strong liquidity between $4,400 and $4,800, according to market heatmaps. If ETH finds strength, traders may push the price toward that zone, but if it breaks Ethereum may revisit $3,200–$3,400.

Big Stablecoin Inflows Show Traders Are Backing Ethereum

New data from Artemis shows nearly $1 billion in stablecoin inflows to Ethereum in just 24 hours. This large inflow signals growing interest and fresh capital moving back into the Ethereum network.Other chains like Solana and Arbitrum are seeing outflows

This could mean investors are shifting funds away from those networks and back into Ethereum, likely for DeFi activity or upcoming events. Ethereum remains a go-to platform for many even in uncertain conditions. Ethereum’s Total Value Locked (TVL) rise shows confidence is returning and could help support the price if bullish momentum picks up again.

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