Ethereum $ETH (ETH) is currently trading near $3,324, showing signs of a mild recovery after facing selling pressure earlier in the session. The price recently dropped toward the $3,320 support zone before buyers stepped in, creating a small bounce.
On the short-term chart, ETH remains under the Supertrend resistance, indicating that sellers are still controlling momentum. However, the recent green candles suggest that buyers are attempting to stabilize price action. If ETH manages to break and hold above the $3,340 resistance, a stronger recovery move could follow.
Volume remains moderate, showing no aggressive accumulation yet. This suggests that the market is in a wait-and-see mode, with traders watching for a clear breakout or breakdown.
Key Levels
Support: $3,320 – $3,315
Resistance: $3,340 – $3,360
Outlook
ETH$ETH is currently in a range-bound phase. A break above resistance could trigger upside momentum, while failure to hold support may invite another retest of lower levels.
Overall Bias: Neutral to slightly bearish in the short term, with potential for reversal if buying strength increases
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