Ethereum is currently trading around $3,409, with a daily gain of roughly +3.6%, bouncing from a low of $3,289 up to $3,475 .
๐ Key Technical:
Support zones:
$3,350โ$3,400 is a new support level after a bullish breakout
Deeper support lies around $3,200โ$3,300 if momentum weakens
Resistance:
$3,475โ$3,481, near today's intraday high .
Next ceiling lies at $3,500โ$3,540 .
Volume & Momentum:
ETH ETFs saw a record inflow of $726โฏmillion yesterday Crypto news.
Futures volume rose by 27%, with open interest up 9% cointribune.com, indicating strong institutional interest.
Technical indicators show ETH clearing a tight consolidation zone with daily candles closing high $$$.
๐ก Next Move Outlook:
Bullish case: Holding above $3,400โ$3,475 could propel ETH toward $3,600โ$3,680 in the next few days, possibly reaching $3,700+ by monthโs end .
Bearish case: A breakdown below $3,350 might trigger a pullback to $3,200โ$3,300 for consolidation .
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