Ethereum Price Eyes $3,400 Resistance Break
Ethereum price nears key $3,400 resistance. A breakout could turn ETH bullish, while rejection may send it back to $3,000.
- Ethereum is nearing the $3,300–$3,400 resistance level
- A breakout could trigger short-term bullish momentum
- Rejection may lead ETH back to the $3,000 support zone
Ethereum (ETH) is once again testing a critical price zone as it inches closer to the $3,300–$3,400 resistance level. This range has acted as a key barrier in the past, and how ETH behaves here could define its next major move.
Traders and investors are watching closely. If Ethereum can reclaim and hold above this range, it would signal renewed bullish momentum and potentially pave the way for higher targets in the short term.
Bullish Reclaim Could Spark Momentum
A successful breakout above the $3,300–$3,400 level would likely trigger short-term optimism among traders. This area is not only psychological but also a technical resistance that has capped recent rallies.
If ETH closes above this range with strong volume, the market could interpret it as a signal of strength. The next upside targets could be near the $3,600 or even $3,800 levels, depending on overall market conditions and Bitcoin’s movement.
What If Ethereum Gets Rejected?
On the flip side, if Ethereum fails to break above $3,400, it may face a pullback. In that scenario, the $3,000 level becomes a likely support zone. This level has previously held well during corrections and could offer a good buying opportunity for those waiting on the sidelines.
A drop back to $3,000 wouldn’t necessarily be bearish long-term, but it would suggest that ETH still lacks the momentum needed to break higher in the near term.
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- Ethereum Price Eyes $3,400 Resistance Break
