Ethereum has seen a decent upward move, breaking resistance levels and entering a short-term positive zone. It has surged above $3,350 and tested the $3,480 zone, but there has been a recent correction. However, the price is trading above $3,280 and the 100-hourly Simple Moving Average, and there was a break above a bearish trend line. The price is facing hurdles near $3,400 and the main resistance is at $3,480. A clear move above this resistance could lead to more gains, potentially reaching $3,550 or even $3,720. On the downside, initial support is around $3,280, and if it fails to clear resistance, it could start another decline with support around $3,200. The next key support levels are at $3,120 and $3,050, with a major support level at $3,000. Technical indicators are showing bullish momentum, with the MACD and RSI in favor of further gains.



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