$ETH price is testing minor resistance at the 25-MA ($3,434.14). A breakout above this level could indicate further bullish momentum towards $3,447 (99-MA).
Support Level: Strong support is around $3,408.53 based on the chart's recent consolidation.
Resistance Level: The next major resistance is around $3,460.54, with a potential for further gains to test the 24-hour high at $3,546.66.
Bullish Scenario: If ETH breaks above the 25-MA and sustains momentum, it could target $3,447, with a possible test of $3,460 and beyond.
Bearish Scenario: Failure to maintain the current level may result in a pullback towards $3,408. A breakdown below this support could lead to testing the 24-hour low of $3,348.
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