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ETH has been consolidating with choppy price action over the past couple of months. For bulls looking to regain control, the critical resistance sits around $3350—notably where it intersects with the Daily 200-period EMA. This level represents a key battleground for momentum reversal.
On the flip side, bears have a solid foundation at $2.8K, which holds up as the primary support zone on the higher timeframes. Breaking below this area would signal deeper weakness in the broader structure.