The price of Ethereum has experienced a fresh increase above the $3,400 zone and is currently consolidating. It is likely to aim for a move above the $3,500 resistance level. The bulls were able to push the price above $3,500 and reach a high of $3,545 before correcting some of the gains. The price is now supported near the $3,400 level, with a key bullish trend line forming. If the price is unable to clear the $3,500 resistance, it could start another decline. The next major support levels are at $3,400 and $3,350, while the major resistance levels are at $3,500 and $3,550. Technical indicators show bullish momentum with the MACD in the bullish zone and the RSI above 50.



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