Ethereum Faces Critical Resistance—Can Bulls Break Through $3,350?

Ethereum (ETH) is trading at $3.22K, up 1.44% in the last 24 hours after recovering from recent weakness. The question now is whether this bounce has enough conviction to challenge the ceiling at $3,350, or if sellers will reassert control at lower levels. The technical setup suggests upside potential, but it’s still a work in progress.

The Resistance Wall Nobody Can Ignore

The primary obstacle for Ethereum right now sits in the $3,320–$3,350 zone. This isn’t just another price level—it’s where the recent rally fizzled out. ETH managed to push above $3,400 earlier and even tested $3,450, only to reverse sharply from around $3,448. That rejection is significant because it shows where the selling pressure actually begins.

A decisive break above $3,350 changes the narrative entirely. If bulls can reclaim $3,400 cleanly, the path reopens toward $3,450, with $3,500 becoming a realistic target if momentum builds. However, the market first needs to prove that demand exists above $3,350—right now, it remains unproven.

Support Levels: Where the Defense Line Holds

The good news for buyers is that Ethereum has successfully held its ground after pulling back. The $3,150 area acted as a floor, preventing a deeper unraveling, and price has since climbed back above $3,200 and the 100-hour Simple Moving Average. This is the market saying “not yet” to a bearish scenario.

A fresh bullish trend line has formed on the hourly chart with support around $3,180. This is the line in the sand for near-term technicians—if it breaks, the structure deteriorates quickly. Between $3,180 and $3,200, bulls are holding their ground for now.

If the current support level fails and sellers regain the upper hand, the next support tier would be $3,150. A clear break below that would signal a broader weakness, opening the door toward $3,040, then $3,020, with $3,000 standing out as a major support zone further down.

What the Momentum Indicators Are Telling Us

The momentum picture remains tilted to the upside, which is why buyers continue to defend dips rather than capitulate. The hourly MACD is gaining momentum in the bullish territory, suggesting the path of least resistance is still higher. Similarly, the hourly RSI is trading above 50, confirming that buyers retain the intraday advantage.

These conditions explain why bulls are still willing to show up on every dip. It’s not overwhelming strength, but it’s enough to keep the rebound alive—for now.

The Verdict: Building Momentum, But Not Yet Confirmed

Ethereum’s setup is constructive but far from decisive. The rebound has successfully reclaimed key areas, and technical indicators aren’t flashing warnings. However, until ETH convincingly breaks through $3,350 and holds above it, the upside case remains “in progress” rather than “confirmed.”

Traders watching ETH need to keep one eye on the $3,320–$3,350 resistance band. That’s where the next chapter of this move will be written. Success there opens the door toward $3,450 and beyond, while failure puts the focus back on defending the $3,150 support and lower targets.