Ethereum continues to show strength as it surpasses the important resistance of $3,400, marking a significant step forward in the bullish trend. Bulls are currently in control of the market, and many technical signals suggest that ETH may continue to grow even stronger in the upcoming sessions.

Outstanding Bullish Phase

Ethereum has surged strongly from the $3,150 area, breaking through several resistance levels like $3,220 and $3,250 to approach the $3,420 mark – the highest point in the recent rally. Compared to Bitcoin, ETH is showing superior strength.

Currently, the ETH price is fluctuating above $3,300 and remains stable above the 100-hour simple moving average (100-hour SMA) – a signal reinforcing the bullish trend.

Strong Support & Ongoing Uptrend

On the hourly chart of the ETH/USD pair, a bullish trend line is forming with support at $3,300. If the price maintains above this level and especially above the strong support zone of $3,220, the likelihood of ETH continuing to rise is high.

The resistance zones to watch include:

  • Resistance near: $3,350

  • Major resistance: $3,400

  • Strong resistance: $3,420

If the price can clearly break through the $3,420 zone, then the $3,500 mark will be the next target, and ETH could even aim for $3,550 or $3,650 in the short term.

Does Ethereum Have Good Support If It Adjusts?

If Ethereum cannot maintain above $3,420 and is rejected at this resistance zone, a technical correction is entirely possible. The main support zones to note are:

  • First support: $3,300

  • Important support: $3,220

  • Deeper support: $3,180 and $3,050

  • Final support: $3,020

A strong break below the $3,220 zone could open up a short-term decline toward $3,050 or lower.

Technical Indicators

  • MACD (1-hour chart): Operating in the positive zone, indicating strong upward momentum.

  • RSI (Relative Strength Index): Currently above the 50 mark, reinforcing the bullish outlook.

Summary

Ethereum is in a strong uptrend, with the resistance zone of $3,420 acting as a crucial boundary for the next rally. As long as ETH holds above $3,220 and $3,300, the outlook will remain optimistic with a short-term target of $3,500, further aiming for $3,650.

Investors should pay attention to price behavior around the $3,420 zone to determine the appropriate strategy: continue holding if a successful breakout occurs, or wait to buy at support if a correction happens.

📌 Important support: $3,220
📈 Strong resistance: $3,420
🎯 Bullish target: $3,500 – $3,650