Ethereum Is a New Wave of Momentum on the Way?
Ethereum is showing strength once again. The price has moved above $3,200, and the market is looking fairly stable. If $ETH manages to hold above $3,250, a fresh rally could easily unfold from here.
Recently, Ethereum pushed through $3,050 and then $3,120 with solid buying pressure. The price is still trading above $3,120, and the 100-hour SMA is supporting the bullish structure. On the hourly chart, a small contracting triangle is visible, with strong support forming near $3,130.
If ETH breaks above $3,240–$3,250…
A clear breakout could open the door toward $3,320.
If momentum stays strong, $ETH may even climb toward $3,450–$3,500 in the short term.
If the breakout fails
Failure to stay above $3,240 may trigger a mild pullback.
The first support sits near $3,120, followed by a stronger zone at $3,050.
A clean drop below $3,050 could push ETH back toward $3,000 – $2,980, lining up with key Fib retracement levels.
Major Support: $3,130
Major Resistance: $3,240