Ethereum Price Stabilizes: Can ETH Gain Traction for an Upswing?
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Ethereum price attempts to gain traction after struggling to clear the $3,400 resistance, stabilizing near $3,280. A key bullish trend line provides support at $3,280, potentially paving the way for another upswing. The next resistances are at $3,350 and $3,400, followed by $3,440 and $3,500. Conversely, failure to hold above $3,250 could push ETH down to $3,180 and $3,120 if further losses occur. Technical indicators show the MACD losing bullish momentum and the RSI falling below 50.
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