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Ethereum Price Tests $3,250 Resistance Amid Bullish Momentum
Ethereum (ETH) is experiencing a price increase above $3,120 and is currently testing the $3,250 resistance level. Key points include:
- ETH price is trading above $3,150 and the 100-hourly Simple Moving Average.
- A bullish trend line has formed with support at $3,120.
- If ETH breaks the $3,250 resistance, it could rise towards $3,320 and potentially $3,450.

If Ethereum fails to clear $3,250, a decline might occur:
- Initial support levels are at $3,160 and $3,120.
- A break below $3,120 could push the price toward $3,050 or even $2,980.
Technical indicators suggest:
- The MACD for ETH/USD is gaining momentum in the bullish zone.
- The RSI for ETH/USD is above the 50 zone.
Major Support Level: $3,120
Major Resistance Level: $3,250