Is the Ethereum rebound imminent? Breaking $3,450 becomes a key turning point
Ethereum (ETH) is currently trying to rebound and recover some of its losses after falling below $3,450. After breaking the resistance level of $3,445, ETH may welcome new upward momentum. If the price breaks $3,500, it could trigger a stronger rebound.
However, if it fails to break $3,445, ETH may continue to face downward pressure. Support levels at $3,220 and $3,200 will become critical defense lines. If these support levels are breached, ETH may further dip to the $3,120 or $3,000 range.
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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