ETH Pullback Could Stay Bullish Above $3,400

• ETH retesting support zone that sparked a 10% rally
• Price could fall to $3,400 without breaking bullish trend
• Traders eye key levels for potential rebound

ETH Revisits Key Support Zone

Ethereum (ETH) is back at a familiar price level — the same line that triggered a 10% rally previously. After a recent pullback, ETH has found itself retesting this zone, sparking renewed interest from traders and analysts who are closely watching what happens next.

While short-term price action has been choppy, this zone has historically acted as a springboard for bullish moves. A similar setup was seen not long ago, and many are now asking: will history repeat?

Price Could Drop to $3,400 and Stay Bullish

Even if ETH continues to dip, market structure remains optimistic. Analysts note that Ethereum could fall as low as $3,400 and still hold its overall bullish trend. This level is seen as a crucial support area that doesn’t compromise the longer-term uptrend.

A bounce from this range could provide new opportunities for buyers looking for favorable entry points. The focus remains on whether bulls can regain momentum or if more downside pressure is ahead.

What Traders Should Watch

For now, traders are monitoring volume, sentiment, and any signs of a reversal around this level. A decisive hold above $3,400 would strengthen bullish conviction. On the flip side, a drop below could indicate a shift in market structure.

With Ethereum’s ecosystem continuing to develop and institutional interest staying strong, this current price action is seen more as a healthy correction than a trend reversal.

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