Analyze Ethereum

Ethereum's price failed to maintain the upward range, starting a new round of decline from $3480.

Ethereum is currently trading below $3350. If another wave of rebound occurs, the price may encounter resistance around $3350. The next key resistance level is around $3380, close to the trend line.

If it rises, the next main resistance level is around $3480. If the price can effectively break through the resistance level of $3480, it may rise further to the resistance level of $3580.

If Ethereum's price breaks through the $3580 area, more upward movement may occur in the coming days. In this case, Ethereum's price may rise to the resistance level of $3650 in the short term, or even $3675.

If Ethereum fails to break through the resistance level of $3380, it may initiate a new round of decline. The initial support level on the downside is around $3250. The first major support level is around $3220.

If the price clearly falls below the support level of $3220, it may drop to the support level of $3150. If the price continues to decline, it may fall to the $3050 area in the short term. The next key support levels are at $3020 and $3000.