Ethereum (ETH) is experiencing a consolidation phase near $3,120 following a corrective dip below $3,150. A contracting triangle pattern is emerging, presenting resistance at $3,120.
The critical resistance levels for ETH stand at $3,180 and $3,220. Furthermore, vital support can be found at $3,040 and $2,980. Ethereum needs to break above the $3,320 price mark to sustain its upward momentum.
The current price movement indicates the potential for ETH to achieve substantial upward gains.
This price analysis explores Ethereum's market trajectory, specifically targeting $3,320 as a significant resistance level.
