Ethereum Rallies from $3,000 to $3,400, Eyes $3,500+
Ethereum price continues its uptrend after initially breaking above $3,000, extending its rally past $3,400 on strong buying momentum. The ETH/USD pair trades above its 100-hour simple moving average and a key bullish trend line near $3,300, with RSI above 50 and rising MACD momentum.
Bulls have tested the $3,420 zone and could push toward $3,500 and $3,650 if the $3,420 resistance is cleared. On the downside, supports lie at $3,300, $3,220 and $3,180, with a drop below $3,220 risking a correction to $3,050.
Elsewhere, XRP maintains bullish momentum around $3.00, facing resistance at $3.30 and support near $2.70, while Bitcoin’s rally peaked at $125,000 before consolidating between $115,000 and $120,000, supported by strong longs at $112,000–$118,000.
Overall, bullish momentum in Ethereum price and XRP technicals outweighs Bitcoin’s pullback, reinforcing a positive outlook for crypto trading.
Bullish
Ethereum’s continued breakout from $3,000 to $3,400 with strong RSI and MACD signals indicates sustained buying pressure. Key resistance and support levels give traders clear entry and exit points, while XRP’s resilience around $3 and solid Bitcoin support levels strengthen overall market confidence. In the short term, this momentum may drive further rallies; in the long term, the technical indicators and trend consistency support a bullish outlook.