Ethereum is on the verge of achieving a record quarterly close if it maintains a price above $3,700, with just two days remaining in the third quarter. The cryptocurrency is currently trading at $4,124.29, marking a 3.1% increase over the past 24 hours and a market capitalization of $497.8 billion. A breakout from the 'W' pattern indicates a potential long-term target near $6,400, though Ethereum must first surpass resistance levels at $4,158, $4,307, and $4,505 to challenge its previous high of $4,950.