Some believe that when Ethereum's price breaks through this resistance zone and reaches a new high, it will continue to rise towards $4000.

Others think it will continue to rise, but only to $3200-$3400.

However, as long as Ethereum can break through the current resistance zone and move towards $3000+, that would be a victory for the bulls.

This is because too many people still believe that holding Ethereum will lead to misfortune…

Additionally, from the visible range volume distribution, the only dense volume area on the yearly chart, apart from the current zone, is between $3200-$3500.

Ethereum has been lingering here for a long time, and there are technical analysis factors at play.

The trapped positions, profit-taking chips, and bearish chips all need to be fully exchanged.

Anyway, let's take it step by step.

The rhythm of this market and the back-and-forth tug-of-war between bulls and bears will far exceed expectations…

Ethereum

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