Ethereum Reclaims $3,300 — Can Resistance Turn Into Support?
Ethereum (ETH) has moved back toward the $3,300 level, a zone it has struggled to hold over the past two months. While this recovery offers short-term optimism, traders remain cautious about whether ETH can convert this resistance into a solid support and build momentum toward $4,000.
Despite strong fundamentals and continued dominance in total value locked (TVL), Ethereum’s price action largely mirrors the broader crypto market. The main headwind appears to be declining DApp and DEX activity, which has reduced network fees and slowed upside momentum rather than any structural weakness in the protocol itself.
Institutional confidence remains intact, with Ethereum still leading the DEX ecosystem when layer-2 networks are included. However, prolonged price weakness below key levels continues to pressure ETH-focused firms and highlights the need for a broader recovery in on-chain demand.
Ethereum’s next major move will likely depend on renewed application usage and a stronger risk-on environment across crypto markets.
