Recently, Ethereum's trend has been quite interesting. After stabilizing above the $3000 mark, it has started a new upward rhythm similar to Bitcoin. The price directly broke through two resistance levels at $3050 and $3120, boosting bullish enthusiasm and pushing the price to around $3200, with a peak reaching $3218 before pulling back.

Currently, ETH is consolidating above $3100 and remains stable above the 100-hour moving average. On the hourly chart, there is a short-term upward trend line supporting it, with a support level around $3120. From a technical perspective, if the bulls can hold above $3120 without breaking down, the price will likely attempt to surge further.

What are the next targets? The first is resistance around $3200, then $3220—both are critical levels. If a smooth breakthrough occurs, $3250 will become the next target. If it can break above $3250, then $3350 is not far away. If it can break through this area again, we might see a stronger upward movement in the short term.

In extreme cases, Ethereum's price could even attempt to reach $3450 or touch the psychological level of $3500. But this depends on whether the bulls have enough strength.