Ethereum (ETH) recently peaked at $3,441, indicating strong performance in the cryptocurrency market. Currently, it is consolidating above the important support level of $3,100. The ongoing bullish momentum is evident from technical indicators showing ETH price above moving averages.
Resistance is marked at $3,400, with potential future targets set at $3,800 and $4,100. Meanwhile, the support level stands firm at $3,100. In case of a bearish shift, the next significant support is expected at $2,800.
Overall, Ethereum displays resilience, and the outlined technical levels could guide its price trajectory in the upcoming trading sessions.
