Ethereum Needs to Reclaim $3.6K to Validate Bull Run Thesis
Ethereum is once again probing key support after losing momentum above the $3.6K zone. Market positioning and on-chain flows suggest the latest lift could be a short-term corrective bounce rather than the start of a sustained rally. Traders are watching whether ETH can reassert control above $3.6K with conviction — a clean, volume-backed move higher would lend credibility to the bull-run narrative and could shift sentiment quickly.
If Ethereum fails to reclaim that resistance, the path of least resistance may remain sideways as market participants await clearer catalysts. Confirmation or rejection around $3.6K will matter for both short-term traders and longer-term holders: a confirmed breakout would likely draw renewed entries, while another rejection could extend consolidation and keep risk appetite muted.