The $3,350 Battleground: Will Ethereum Break Higher or Consolidate?

Ethereum’s near-term fate hinges on a single price level. After retreating from the $3,450 peak, ETH has stabilized above $3,150 and is holding ground above $3,200 — but the real test of bullish conviction lies at $3,350. This resistance zone isn’t just another line on the chart; it’s the gatekeeper to further upside.

Technical signals suggest buyers aren’t done yet

The momentum picture offers encouragement for the bulls. On the hourly timeframe, the MACD is building strength within bullish territory, while the RSI sits comfortably above 50, signaling that intraday buyers still command the upper hand. These indicators explain why dips are being defended rather than capitulated into.

More importantly, a fresh bullish trend line has formed with support anchored around $3,180. This dynamic support level represents the market’s short-term “line in the sand” — as long as ETH respects it, the constructive structure remains intact. The price action from $3,150 through $3,200 to $3,300 showed genuine buying interest, even if sellers ultimately capped the move below $3,450.

What needs to happen for upside acceleration

For Ethereum to reignite its advance, it must navigate the $3,290 to $3,320 friction zone and then decisively clear $3,350. That level represents the true inflection point. A break above it would open the door to $3,400, and if momentum carries through, $3,450 and $3,500 become realistic targets in the near term.

The 50% Fibonacci retracement from the $2,914 low to the $3,448 high provided a critical test during the pullback, and buyers showed up at that juncture — a positive sign that the underlying strength remains.

Where the risk lies

The bearish scenario shouldn’t be dismissed. If sellers maintain control and ETH fails to clear $3,320, the $3,200 level becomes the next support to watch. A deeper slip below $3,150 would be far more concerning, as it would undermine the entire rebound structure. Below that, $3,040 and $3,020 would come into focus, with the $3,000 psychological support emerging as the next significant floor.

The bottom line

Ethereum is at a crossroads. The technical setup is leaning bullish — trend lines are positive, momentum indicators are supportive, and buyers have demonstrated willingness to defend dips. However, the burden of proof rests on price action. Until ETH can convincingly breach $3,350 and turn it from resistance into support, the rally remains more “in progress” than “confirmed.” The next 24-48 hours will likely determine whether this consolidation phase converts into a fresh leg higher or merely sets the stage for another correction.