Ethereum Price Prediction: If ETH Breaks 3250 Resistance Could Reach 3500

Recent Market Overview

Ethereum has recently rebounded from the $2,800 level, kicking off a new upward trend that closely mirrors Bitcoin’s price action. ETH broke past resistance at $3,000 and $3,050, with short-term buyers driving strong momentum. After reaching a peak of $3,240, ETH saw a modest pullback, and as of this writing, the price is $3,166.

Short-Term Upside Resistance

If ETH continues to climb, the first resistance zone is near $3,200, followed by a key barrier at $3,250. A decisive breakout above these levels could push prices toward $3,320, and in the short term, ETH may test the $3,500 range.

Downside Correction Risk

If ETH cannot break above $3,250, a renewed decline may follow. Immediate support stands at $3,120, with the next major support at $3,050. A drop below this level could lead to a test of $3,000, and potentially a retreat to $2,980—the 50% Fibonacci retracement level. Additional support is found at $2,850.

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Summary

Ethereum maintains a short-term bullish outlook. If buyers clear resistance at $3,250, ETH could approach the $3,500 mark. Investors should keep a close eye on the $3,130 support level, which serves as a critical reference for short-term positioning and risk management.