$ETH Ethereum (ETH) is currently showing consolidation after several volatile weeks, suggesting a possible breakout. If the bullish momentum continues, ETH may surpass the resistance near $3,400 and test the range of $3,600–$3,800. Strong network fundamentals, such as increased staking and growth in DeFi activity, support long-term gains. However, macroeconomic uncertainty and Bitcoin dominance still influence ETH's short-term movements. Traders are watching for confirmation of a breakout or a breakdown. If ETH fails to hold above $3,200, a drop to $3,000 or lower is possible. Overall, the next movement of Ethereum depends on broader market sentiment, future updates, and institutional interest.