Ethereum Targets $3,450: Will the Recovery Wave Continue?
Ethereum (ETH) has initiated a recovery wave after holding support near $3,320. As the cryptocurrency consolidates above critical levels, market watchers are optimistic about a potential breakout past $3,450, which could signal further upward momentum.
Key Levels and Resistance
After stabilizing above the $3,250 support zone, Ethereum gained momentum, moving past the $3,320 and $3,350 resistance levels. On the hourly chart (data feed via Kraken), ETH/USD broke a short-term declining channel at $3,350, climbing above the 100-hourly Simple Moving Average (SMA).