Ethereum price started a fresh increase above the $3,750 zone. ETH is now showing bullish signs and might continue to rise toward the $3,950 zone.

• Ethereum started a fresh increase above the $3,750 level.
• The price is trading above $3,650 and the 100-hourly Simple Moving Average.
• There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could start a fresh increase if it remains supported above the $3,650 zone in the near term.

Ethereum Price Rises Further Above $3,800

Ethereum price started a fresh increase above the $3,650 zone, outperforming Bitcoin. ETH price gained pace for a move above the $3,750 resistance zone to remain in a positive zone.

The bulls even pumped the price above $3,800. Finally, it tested the $3,860 zone. A high was formed at $3,859 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $3,031 swing low to the $3,859 high.

Ethereum price is now trading above $3,700 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD.

On the upside, the price could face resistance near the $3,800 level. The next key resistance is near the $3,860 level. The first major resistance is near the $3,920 level. A clear move above the $3,920 resistance might send the price toward the $3,950 resistance.

An upside break above the $3,950 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,200 in the near term.

Are Downsides Limited In ETH?

If Ethereum fails to clear the $3,800 resistance, it could start a downside correction. Initial support on the downside is near the $3,720 level. The first major support sits near the $3,650 zone.

A clear move below the $3,620 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,450 support level in the near term. The next key support sits at $3,320.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $3,650

Major Resistance Level – $3,860

• POL supports zkEVM and app-specific blockchains.
• The current price is near $0.23, down from $1.29 in March 2024.
• 2025 forecast ranges between $0.11795 and $0.47181.

Polygon (MATIC) is undergoing a major transformation with the introduction of its upgraded token, POL, as part of the wider Polygon 2.0 roadmap.

This move marks a shift to a zero-knowledge Ethereum Virtual Machine (zkEVM) system and supports a network of application-specific blockchains.

The upgrade is aimed at boosting scalability, utility, and decentralisation, potentially influencing long-term valuation.

As of early May 2025, POL trades near $0.23, far from its March 2024 peak of $1.29.

Source: CoinMarketCap

With price volatility high and new utility being built in, investors are now weighing whether the token can realistically reach $1 again within the year.

The protocol’s success could also have broader implications for Layer 2 scaling solutions across the Ethereum network.

POL migration sparks new interest

The migration from MATIC to POL is a key part of Polygon’s upgrade, allowing the network to evolve through zkEVM chains and decentralised governance.

POL will enable staking, community decision-making, and validation activities across Polygon’s ecosystem.

POL’s recent performance shows a modest rebound, up 2.88% to $0.23.

The token saw its all-time high of $1.29 in March 2024 and a low of $0.1533 in April 2025.

The current price range indicates considerable uncertainty, with upcoming adoption metrics likely to shape the price direction.

2025 price targets

Polygon’s 2025 forecast includes a potential high of $0.47181, a projected low of $0.11795, and an average estimate of $0.29488.

Analysts suggest the token’s success in reaching the upper end will depend on how quickly the new ecosystem gains traction.

The shift to zkEVM architecture, alongside developer participation, could be a key growth driver.

Forecasts for 2026 show a potential high of $0.75490 and a low of $0.18872.

In 2027, the token could rise to $1.20784, and by 2028, it may hit $1.93254.

Polygon’s 2030 estimates peak at $4.94731, based on long-term adoption and scaling progress.

Investment case remains mixed

Polygon’s 2.0 transition strengthens its technical capabilities, but the current trading price suggests there are still adoption hurdles to clear.

With zkEVM deployment and token migration underway, POL could attract interest from developers building scalable dApps.

POL’s journey to $1 in 2025 will largely depend on the traction gained in its upgraded ecosystem and how it competes with other Layer 2 solutions.

Close monitoring of gas fee savings, validator participation, and mainnet activity will be essential in assessing future performance.