Ethereum Breaks Key Resistance at $3,300
Latest market data shows Ethereum (ETH) has cleared the critical $3,300 psychological level, reaching $3,300.01. This move signals renewed bullish momentum following a period of consolidation, reflecting strong confidence in Ethereum's evolving ecosystem and upcoming network upgrades.
Increased Short-Term Volatility Warrants Caution
Despite the rally, ETH recorded a 0.6% decline over the past 24 hours, highlighting ongoing market instability. Technical indicators suggest caution, with the RSI nearing overbought territory, raising the likelihood of a pullback.
- Key support sits at $3,250; a break could open downside pressure
- Next resistance looms at $3,350, with potential to test all-time highs
- On-chain activity shows rising large-volume transactions, signaling increased institutional interest
Analysts recommend maintaining disciplined risk management, using strategic stop-loss placements, and avoiding FOMO-driven entries. With macro trends and network fundamentals shaping price action, a measured approach is advisable in this volatile phase.