ETHEREUM DEMAND ZONE AND FALLING WEDGE

Ethereum has recognized a significant support level where the current price is firmly holding, showing respect for this support. There's anticipation for a reversal that could lead to a bullish breakout along the trend line. If this breakout occurs, it's anticipated that the rally will persist towards the next swing high around the $3700 mark.

The confirmation of this breakout from the falling wedge pattern is pivotal, as it will determine the future trajectory of Ethereum's price movement.