TL;DR
- Ethereum has jumped over 8% in the last 24 hours, now trading at $3,428.03 with a total market capitalization reaching $413.81 billion.
- This latest move puts ETH well above the $3,400 mark, fueling fresh optimism among crypto investors.
- Technical signals point to strong support zones holding steady, with traders watching for a possible next push toward $3,500 if current trends remain intact.
Ethereum’s price action this week has reignited bullish sentiment as the world’s second-largest crypto climbs confidently past $3,400. With Bitcoin showing mixed signals, ETH has taken the lead by delivering an impressive 8.67% gain in the last 24 hours alone. Analysts credit a healthy wave of buying momentum and increased interest in Ethereum’s network developments, including progress toward layer 2 scaling and institutional adoption, which keep expanding daily across global markets.
Support has held firm above $3,300, with a clear bullish trend line visible on key charts. This base has attracted traders who expect a steady climb rather than sharp corrections. According to the latest data, Ethereum is consolidating its gains above the $3,300 zone and is currently flirting with resistance levels near $3,420. If that barrier is cleared, experts say the $3,500 range could come into play sooner than many anticipated.
Key Resistance Levels Within Sight
The next major resistance sits between $3,420 and $3,500, with some short-term profit-taking likely if ETH tests these levels aggressively. Technical indicators such as the hourly MACD are showing strong bullish momentum, while the RSI remains well above 50, suggesting buying interest is far from exhausted. Should this momentum hold, the price may stretch further toward the $3,550 or even the $3,650 area.
On the downside, immediate support levels stand at $3,300 and $3,220. A slip below these points might open room for a dip toward $3,180, but sentiment remains largely positive among market watchers. Many traders believe any minor pullback will be absorbed quickly by buyers eager to ride the next leg up.
Ethereum’s Strong Fundamentals Inspire Confidence
Ethereum’s total market capitalization now sits at a robust $413.81 billion, reinforcing its status as the top smart contract blockchain. As decentralized finance, NFTs, and tokenized assets continue gaining traction, ETH appears poised to benefit from a wave of new projects and institutional inflows. For now, eyes are set on whether it can break past the $3,500 mark and sustain this bullish pattern well into the coming weeks, delighting patient long-term holders everywhere.
