The article discusses the recent price movement of Ethereum (ETH). After finding support at $3,220, ETH started a recovery wave and climbed above key resistance levels at $3,350, $3,400, and $3,500. However, it faced resistance near $3,550, and is currently consolidating gains. If ETH clears the $3,550 resistance, it could rise towards $3,650 and potentially even higher levels. On the downside, support is seen at $3,425 and $3,375. A move below these levels could lead to further losses towards $3,320 and $3,220. The hourly MACD is losing bullish momentum while the RSI is above 50, suggesting mixed signals for ETH's price.



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