Ethereum's Breakthrough Attempt at $3,350 — The Level Deciding the Next Move

Ethereum is testing the waters after recovering from recent volatility, with ETH price currently trading near $3,280 and sitting comfortably above the $3,200 mark. The technical picture suggests bulls are still engaged, though a significant resistance zone around $3,350 stands between current levels and a potentially more aggressive rally toward $3,400 and beyond.

Recovery Takes Shape Above Key Support

After dipping from the $3,450 peak, ETH demonstrated conviction by holding ground near $3,150 — a level that proved critical in confirming buyer appetite on any selloff. Rather than cascading lower, the price action bounced back above $3,200 and the 100-hour Simple Moving Average, signaling that the correction was likely temporary. A fresh bullish trend line has emerged on shorter timeframes, establishing support around $3,180 and keeping the near-term structure intact.

The ability to defend this support zone matters. It tells us that the rebound has real participation behind it, not just algorithmic bounce-backs. Ethereum is essentially saying: “We’re still trying to go higher from here.”

The Gauntlet: Price Levels That Matter Most

Before Ethereum can confidently move higher, it must navigate through a series of resistance checkpoints:

• $3,290–$3,320 zone: Initial resistance where sellers typically test commitment
• $3,350: The heavyweight barrier that will define whether upside momentum accelerates or stalls
• $3,400–$3,450: The extended target if $3,350 breaks decisively
• $3,500: A stretch target that becomes realistic only if momentum carries through all previous hurdles

Clearing $3,350 is the make-or-break level. A clean move through this price would likely unlock fresh buying and reopen the path toward $3,400 and $3,450. The ethereum price action suggests this is entirely possible, but it requires sustained conviction from buyers.

What Could Unravel This Setup?

The bullish scenario only remains valid under certain conditions. If sellers regain control and push ETH back below $3,320, the structure weakens meaningfully. A breakdown through $3,200 would be concerning, but the real line in the sand sits at $3,150. Should Ethereum slip decisively below $3,150, the rebound structure collapses entirely, opening the door to a deeper pullback toward $3,040–$3,020, with $3,000 serving as the next major support zone.

Technical Indicators: The Bull Case Holds — For Now

Momentum remains constructive, which explains why buyers keep stepping in on dips:

• Hourly MACD: Building positive momentum within bullish territory, suggesting acceleration potential
• Hourly RSI: Trading above the 50 level, confirming that intraday buyers maintain an edge

These indicators alone don’t guarantee success, but they support the idea that another leg higher is plausible — assuming $3,350 breaks.

The Bottom Line

Ethereum is positioned for an upside push, but the market faces a critical test at $3,350. This isn’t just another price level; it’s the inflection point that separates a genuine rally continuation from a false breakout that fizzles out. Until ETH proves it can turn $3,350 from a ceiling into support, traders should remain alert to the downside risks. The setup is improving, but the heavy lifting still lies ahead.