Analyzing Ethereum Ethereum's price failed to hold its upward range and started a new round of decline from $3480. Ethereum is currently trading below $3350. If another rebound occurs, the price might face resistance around $3350. The next key resistance level is near $3380, close to the trendline. If it rises, the next major resistance level is around $3480. If the price can effectively break through the $3480 resistance level, it might further rise to the $3580 resistance level. If Ethereum's price breaks through the $3580 area, we could see more upward momentum in the coming days. In this case, Ethereum's price might rise to the $3650 resistance level in the short term, or even $3675. If Ethereum fails to break through the $3380 resistance level, it might start a new round of decline. The initial support level on the downside is around $3250. The first major support level is near $3220. If the price significantly breaks below the $3220 support level, it might test the $3150 support level. If the price continues to drop, it could fall to the $3050 area in the short term. The next key support levels are at $3020 and $3000. $ETH