$ETH has shown a strong uptrend, with a significant breakout above $3,264.
Current price action indicates a retracement or cooling-off period before deciding on the next major move.
Resistance near $3,453.69 prevented further gains, forming a potential short-term double top.
ETH remains in a bullish trend on higher timeframes but shows signs of a pullback on shorter timeframes.
Traders should watch $3,322 for support. A break below this level could lead to further correction toward $3,264.
A breakout above $3,400 and sustained momentum could push ETH toward $3,453 and beyond.
Support and Resistance Levels:
Support:
$3,322.44 (immediate support near recent consolidation)
$3,264.03 (strong support from previous breakout zone)
Resistance:
$3,400.84 (minor resistance)
$3,453.69 (major resistance and 24h high)
