Ethereum ($ETH ) is trading at $3,320.62, down 4.37% after reaching a 24-hour high of $3,475.00. The price has slipped below the 7-day moving average at $3,396.63, indicating short-term bearish momentum. Key resistance lies at $3,400, and a breakout above this level could lead to targets at $3,450 and $3,500. On the downside, immediate support is at $3,280, with a deeper correction potentially targeting $3,200. Traders should closely monitor price action around these critical levels for potential volatility.

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