Ethereum Faces Resistance After Recent Price Surge
- Ethereum price surged above $3,350 before correcting from a high of $3,448.
- ETH is currently trading near $3,200 and the 100-hourly Simple Moving Average.
- A break below a bullish trend line with support at $3,240 was observed on the hourly chart of ETH/USD.
- Key resistance levels are identified at $3,250 and $3,320, while major support is near the $3,180 zone.
Ethereum’s recent price movements show a correction after reaching a high of $3,448. The cryptocurrency is now facing resistance around the $3,250 level and may decline if it fails to maintain above key supports.
The Ethereum price remains volatile as it hovers near critical support levels around $3,200 and faces potential declines if these supports fail to hold. (Source)
