$ETH Price Targets
As Ethereum prepares to bounce off the support trendline, overhead resistance is formed by the trendline and the 50-EMA line. For a bullish continuation, Ethereum must maintain support above the $3,400 mark.
With growing anticipation of a new year rally in the crypto market, a potential breakout rally could challenge the overhead supply zone at $3,568. On the other hand, a triangle breakdown would test the $3,244 support level.