Ethereum (ETH) is showing strong signs of a comeback, and if you’ve been watching the crypto market, you know this could be a crucial moment.
After recently dipping to around $3,113, ETH has regained its footing and is now climbing again, sparking excitement among traders and investors alike.
Why is this a big deal?
For those unfamiliar with price trends, think of Ethereum’s movement like ocean waves. Sometimes, the tide pulls back before a powerful surge forward.
If this momentum keeps up and Ethereum successfully crosses the $3,425 mark, we could be looking at an even bigger move toward $3,678 in the coming days or weeks.
This is where things get interesting, as breaking this level could signal a much stronger rally, potentially attracting even more buyers into the market.
What could stop the momentum?
Every journey has obstacles, and for ETH, the key challenge is staying above $3,100. If prices slip below this mark, it could indicate that sellers are gaining control, potentially pushing Ethereum down toward $3,017.
Think of it like a bridge, if ETH can hold steady above $3,100, it’s got a solid foundation to keep moving up. But if that bridge collapses, the price could drop further before making another attempt to rise.
Key levels to watch
For traders keeping an eye on short-term moves, Ethereum is currently expected to fluctuate between $3,170 (support level) and $3,450 (resistance level).
In simple terms, the closer ETH stays to $3,450, the stronger the bullish case becomes. If it gets pushed down near $3,050, caution might be needed.
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Ethereum’s price surges by 7% in 24 hours was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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