Ethereum Trapped in Range Near $3,350 Resistance Level

⬤ Ethereum’s been going sideways lately, hovering around $3,210 without much direction. The price keeps bumping into resistance and can’t seem to push higher with any real conviction. Right now, ETH is caught in a pretty clear range, and until we see a strong daily close that actually means something, it’s basically a waiting game. The chart shows how price action has just stopped dead below some obvious ceiling levels.

⬤ There’s a major resistance area sitting around $3,350 where Ethereum keeps getting rejected. This level lines up almost perfectly with the 200-day exponential moving average, and there’s another barrier at $3,660 where the regular 200-day MA sits. Every time ETH tries to push through this area, sellers show up and knock it back down. It’s been happening over and over, which tells you there’s real pressure preventing any sustained rally from taking shape.

⬤ On the flip side, Ethereum’s holding up pretty well above support near $2,630, which has caught several dips since late last year. Volume’s been quiet recently, showing that neither buyers nor sellers are really committed right now. This whole setup screams consolidation—price is just bouncing between support and resistance without picking a direction.

⬤ What happens with Ethereum matters for the wider crypto market since it tends to set the tone for other large-cap coins. If ETH manages to actually break above resistance with volume behind it, we could see momentum shift and a real move higher. But if it keeps getting rejected, expect more of the same sideways chop. Until there’s a meaningful daily close one way or the other, Ethereum’s probably going to stay locked in this range with limited volatility and no clear trend.