Ethereum Price Surge, breaking Key Resistance Levels. Ethereum’s price has surged significantly, breaking through the $3,250 resistance zone. This upward momentum pushed ETH beyond the $3,350 resistance, establishing a solid position in a positive zone. Following Bitcoin’s lead, Ethereum even moved above the $3,440 resistance level, highlighting a strong bullish trend.

The price tested the $3,500 resistance zone, reaching a high of $3,497 before starting to consolidate its gains. The bullish momentum remains strong, with the price staying well above the 23.6% Fibonacci retracement level of the upward move from the $3,085 swing low to the recent high of $3,497. This consolidation suggests that the bulls are actively maintaining the price above critical support levels, preparing for the next move.

Currently, Ethereum is trading above $3,400 and the 100-hourly Simple Moving Average, indicating continued bullish sentiment. A key bullish trend line is also forming with support at $3,320 on the hourly chart of ETH/USD, providing a solid foundation for further gains. These technical indicators underscore the strong buying interest and the likelihood of sustained upward momentum.

On the upside, Ethereum faces resistance near the $3,480 level. The first major resistance is at $3,500, followed by a significant hurdle around $3,550. A close above this level could propel Ether toward the $3,650 resistance, signaling a potential for further growth. Traders should monitor these resistance levels closely as breaking them could open the path for substantial gains. Ethereum Price Surge, breaking Key Resistance Levels.

Looking ahead, the next key resistance is near $3,720. Breaking above this level could send Ethereum’s price soaring toward the $3,880 resistance zone in the coming days. Investors and traders will be closely watching these levels for potential breakout opportunities, as Ethereum continues to show strong bullish signals and the potential for significant upward movement.