Ethereum Price Hurdles Block Progress

Ethereum Faces Resistance Below $3,350

• Ethereum price declined below the $3,320 and $3,220 levels.
• The price is trading under $3,200 and the 100-hourly Simple Moving Average.
• A bearish trend line is forming with resistance at $3,270 on the ETH/USD hourly chart.
• The main resistance level is near $3,300, with significant hurdles around $3,220 and $3,250.
• Support levels are identified at $3,120 and a major support at $3,050.

Ethereum’s price remains under pressure as it struggles to break through key resistance levels near $3,300. The cryptocurrency faces potential declines if it fails to surpass these barriers.