🚀 Ethereum’s Bullish Surge
Will $3550 Be the Next Stop?
The current price of $3462.29 (+3.95%) suggests buyers are in control, but is $3550 the next key level?
Let’s analyze the technicals in detail.
Key Technical Analysis
📊 Price Action Overview:
Current Price: $3462.29
24h High/Low: $3472.97 / $3323.03
Next Target: $3550
Support and Resistance Levels
🪂Major Support Zone: $3305–$3330
This range acted as a strong accumulation zone. Buyers stepped in and defended it, leading to the recent breakout.
🪂Key Support Level: $3318
A retest of this level could provide another entry point for buyers.
❗Breakout Resistance: $3434
$ETH has successfully breached this key resistance, now turning it into potential support.
❗Immediate Resistance: $3470–$3480
The price is testing this zone. A clean break above could accelerate the move toward $3550.
Fibonacci Analysis
🔑Key Fibonacci Levels :
0.236 Retracement: $3403.48 - Minor support zone.
0.382 Retracement: $3384.71 - Key level buyers defended during dips.
0.618 Retracement: $3354.44 - Strong structural support.
ETH has bounced above the 0.5 Fibonacci level $3369.57, indicating the bullish trend remains intact.
💲Short-Term Prediction:
ETH must break $3470–$3480 decisively to continue higher.
Once confirmed, the next target aligns with Fibonacci extensions near $3550.
Pullback Scenario:
Watch for dips to $3403–$3384 as buying opportunities.
Ethereum is showing clear bullish momentum after breaking key resistance levels.
If volume remains strong and buyers sustain control, $3550 could be hit in the short term.