If $ETH breaks and holds above $3,387.61, it may continue to rise. However, if it fails to break this resistance and drops below $3,248.42, a short-term correction could follow. Monitor volume levels and moving averages for confirmation of breakouts or breakdowns.
Support and Resistance Levels:
Resistance: The immediate resistance level is around $3,387.61, the recent 24-hour high. If Ethereum (ETH) can break above this level, it could signal a continuation of the upward trend.
Support: There is support at $3,248.42, a recent low. If the price drops below this support, it could indicate a short-term bearish trend, possibly leading to a test of the next support around $3,182.69.
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