Ethereum’s price (ETHUSD) has continued its upward trajectory, nearing the anticipated target of $3,440. This level represents a critical resistance point, and a successful breach could pave the way for additional gains, potentially driving the price toward $3,600 in the near term.
Bullish Momentum Expected
Market indicators suggest the bullish trend is likely to persist in the coming period. However, traders should remain cautious, as a break below $3,320 could signal a potential reversal. In such a scenario, Ethereum might face a short-term decline, with the price targeting key support at $3,185 before attempting another upward movement.
Trading Range and Trend
Expected Trading Range: Between $3,240 (support) and $3,500 (resistance).
Trend Forecast: Bullish.
Investors are advised to monitor these critical levels closely to capitalize on Ethereum’s price movements while managing potential risks.
