$ETH Ethereum (ETH) is currently trading around $3,280, showing a cautious bullish structure on the daily (1D) chart. The most recent candlestick appears as a long-legged doji, indicating indecision near a key resistance zone between $3,350 and $3,400. This comes after a moderate bullish push over the past week, placing ETH near the upper boundary of its short-term range. The EMA20 has just crossed above the EMA50, a bullish signal, while the price holds above the EMA100, suggesting underlying strength with room for either continuation or correction.

Momentum indicators support the bullish bias: the RSI is at 58.6, signaling strength without being overbought, and the MACD has made a recent bullish crossover, with increasing histogram bars. On-Balance Volume (OBV) is also trending upward, which suggests accumulation rather than distribution. Volume patterns hint at a possible bull flag, with a breakout likely if ETH can close above $3,400 with conviction. However, volume on the last few green candles has been relatively light, so confirmation is essential.

If ETH successfully breaks and holds above $3,400, it could quickly target the $3,650–$3,750 zone. On the flip side, failure to breach resistance might send the price back toward $3,100, where a bounce would be expected. Overall, Ethereum is at a decision point—bullish continuation is favored, but only with strong volume confirmation. Traders should closely watch for either a breakout above resistance or a pullback to support, as both present potential trade setups depending on confirmation.