TLDR
- Ethereum prices surged past the $3,250 resistance level, showing renewed market strength
- Price action indicates strong support at $3,280 with key resistance at $3,480
- Technical indicators point to increasing bullish momentum on hourly charts
- Trading volumes suggest sustained buyer interest above $3,300
- Multiple support zones established between $3,000-$3,200 for potential pullbacks
Ethereum displayed renewed market strength today as prices pushed decisively above the $3,250 mark, establishing fresh support levels in what traders describe as increasingly bullish market conditions.
Trading data from prominent exchanges shows Ethereum carving out a series of higher lows, a pattern that historically precedes sustained upward movements. The second-largest cryptocurrency by market cap has maintained its position above key moving averages, suggesting underlying strength in the current move.
Recent price action demonstrates Ethereum‘s ability to hold support above $3,300, a level that previously acted as resistance. Market participants note increasing buy orders clustering around this zone, indicating growing confidence among traders.
The hourly charts reveal a clean break above a descending trendline that had been capping price advances. This technical development, combined with rising trading volumes, suggests buyers have gained the upper hand in the immediate term.
Price momentum carried Ethereum to test the $3,473 level before encountering mild selling pressure. The subsequent pullback remained shallow, with buyers stepping in to defend the $3,300 support zone, reinforcing its importance as a key price floor.
Technical readings on the hourly timeframe show the MACD indicator crossing into positive territory, while the Relative Strength Index maintains a position above the midpoint level. Both metrics suggest building momentum favoring further upside potential.
Market order flow indicates accumulation patterns forming around current price levels. Institutional-sized orders appear more frequently on the buy side, though remaining within typical ranges for the asset.

Traders identify the $3,480 level as the next major resistance zone. A decisive break above this price point could trigger increased buying activity, potentially opening the path toward the $3,550 and $3,650 levels.
Support structures have developed at multiple price points, with the strongest zones appearing at $3,280 and $3,200. These levels align with high-volume nodes, suggesting traders view them as valuable entry points for new positions.
Lower support exists at $3,120 and $3,050, providing additional cushion against potential market volatility. The psychological $3,000 level serves as major support, with substantial buy orders visible on exchange order books.
Volume analysis reveals steady buying pressure at current levels, though traders emphasize the need for increased volume to support a sustained break above the $3,480 resistance zone.
The hourly price structure shows decreasing selling pressure above $3,300, a development that often precedes continuation moves higher. Market participants note the formation of a bullish market structure on multiple timeframes.
Exchange data indicates a balanced but slightly bullish long-short ratio, suggesting room for additional position building without overleveraged conditions developing.
Trading patterns show increasing interest in options contracts with strike prices above current levels, indicating growing optimism among derivatives traders.
Recent price action has established a series of support zones that could provide launching points for future advances, particularly if global market conditions remain favorable.
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