Ethereum is gaining strength, holding firm above $3,300, and traders are buzzing about a potential breakout. As this month progresses, many analysts are eyeing the $3,800 to $4,000 zone โ but ETH needs to clear some key hurdles first.
Current Market Snapshot
Current Range: $3,300 to $3,500
Major Resistance: $3,500 to $3,800
Critical Support: $3,200 and $3,000
What Could Push ETH Higher
Ethereum ETF Buzz: Growing speculation about a U.S.-approved ETH ETF could supercharge buying demand.
DeFi & Network Growth: More activity on Layer 2s and DeFi platforms strengthens Ethereumโs fundamentals.
Institutional Buying: Big money is quietly accumulating ETH alongside BTC.
Price Prediction
If ETH breaks $3,500 with volume, a rally to $3,800 - $4,000 is possible this month. Failure to break resistance might push ETH back to $3,200 support before any significant upward movement.
Final Thoughts
Ethereum is on the brink โ the next breakout could define the rest of the quarter. Keep your eyes on price action around $3,500 and any fresh news on Ethereum ETFs.
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