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Ethereum’s next move: Key levels to watch as ETH reclaims $3,250 support

Author: Content Editor
Ethereum (ETH) is showing signs of recovery and consolidation near the $3,250 mark, which is seen as critical support. While it has lagged behind Bitcoin's rally, ETH is expected to gain significant momentum as altcoin season picks up. Analysts predict that a breakout above the immediate resistance at $3,442 could lead to further bullish momentum, with targets at $3,568, $3,750, and even $4,000. On the downside, the support levels at $3,028 and $2,820 are crucial to maintain the bullish structure. The derivatives market for Ethereum indicates a bullish tilt, despite a slight decline in overall activity. Long positions dominate the market, with growing demand for options. The data suggests that traders are optimistic about Ethereum's upward price potential. Analysts foresee a new bull market, with projections of Ethereum climbing as high as $8,000 in the coming months. The recent resilience in Ethereum's price comes as U.S.-based spot Ethereum ETFs experienced a positive inflow of $91.21 million, indicating a potential revival in institutional confidence. Institutional players and whales have also accumulated large amounts of ETH, reflecting growing confidence and positioning Ethereum for further price appreciation. AI-driven forecasts project Ethereum's year-end price to range between $3,800 and $4,200, setting the stage for a potentially sustained rally.

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