Is Ethereum's rebound imminent? Breaking $3,450 becomes a key turning point
Ethereum (ETH) is currently attempting to rebound and recover some lost ground after falling below $3,450. After breaking the resistance level of $3,445, ETH may welcome new upward momentum. If the price breaks above $3,500, a stronger rebound could be initiated.
However, if it fails to break above $3,445, ETH may continue to face downward pressure. Support levels at $3,220 and $3,200 will become critical defensive lines. If these support levels are broken, ETH may further drop to the $3,120 or $3,000 region.
On the upside, after breaking the resistance level of $3,550, ETH is expected to advance towards $3,650 or even $3,800, creating a larger upward space.
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