Ethereum Price Maintains Strength at $3,250: Upside Ahead? 📈
The Ethereum price continues to hold strong above the $3,250 mark, showing potential for further upward movement. ETH has broken past the $3,350 resistance and is now trading above the 100-hourly Simple Moving Average, suggesting positive momentum.
A significant resistance level lies at $3,400. If Ethereum can surpass this, it may target $3,500 and even $3,550 in subsequent sessions. An upward break might lead to further gains towards the $3,680 or even $3,750 mark.
Should Ethereum fail to break past $3,400, it may face a decline with initial support found at $3,300. Continued downward pressure could see ETH dip to $3,250 or even $3,050 if losses deepen.
Technical indicators, including the hourly MACD and RSI for ETH/USD, support a bullish outlook, with the RSI now positioned above the 50 zone.
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