## Ethereum's Break of Structure Moment: Can Bulls Take Down the $3,350 Barrier?

Ethereum (ETH) is currently trading around $2.96K, but the technical setup from the $3,400+ zone tells an important story for swing traders watching break of structure (BoS) patterns. The recent price action near $3,450 followed by a pullback reveals a textbook setup worth dissecting.

### The Current Technical Landscape

After reaching $3,448, ETH experienced a meaningful correction that dragged it below the 50% Fibonacci retracement level of the advance from $2,914. This pullback tested buyer conviction at the $3,150 handle, which proved to be a critical juncture. The fact that bulls successfully defended this zone — rather than surrendering lower — suggests accumulation may be occurring. ETH has since reclaimed above $3,200 and now sits comfortably above the 100-hour Simple Moving Average, establishing what traders call a higher low structure.

More significantly, a fresh bullish trend line is forming on the hourly chart with support sitting around $3,180. For break of structure traders, this level represents the "don't break this" threshold for maintaining the current bullish narrative.

### Break of Structure Trading: The $3,320-$3,350 Zone

For those unfamiliar, a break of structure in trading occurs when price decisively violates a key support or resistance level with conviction. In Ethereum's case, the $3,350 zone represents exactly this type of inflection point. Currently, this level stands as the primary overhead resistance that, if broken cleanly, would constitute a bullish break of structure — essentially confirming that buyers have seized control from sellers.

The path upward shows clear waypoints: $3,290 offers the first minor friction, $3,320 the secondary test, and then the main event at $3,350. A genuine break of structure through $3,350 would likely reignite momentum toward $3,400 and beyond, with $3,450 and $3,500 becoming natural targets as the rally extends.

### Supporting Technical Indicators

The momentum picture leans constructively in bulls' favor currently:

- **Hourly MACD** is steadily gaining positive momentum
- **Hourly RSI** sits above the 50 midpoint, confirming intraday buyers retain control

These readings explain why dip-buying has appeared at lower levels — the underlying momentum structure hasn't yet deteriorated.

### Downside Scenarios: When the Bullish Case Breaks

The bearish break of structure would trigger if Ethereum fails decisively below $3,200. A drop through $3,150 would constitute the critical break that invalidates the current rebound structure entirely. Should that occur, $3,040 becomes the next target, followed by $3,020, with $3,000 standing as a major support pillar.

The trading dynamic remains simple: ETH needs to prove it can convert $3,350 from resistance into support through a clean break of structure. Until that confirmation occurs, the rally remains in "accumulation phase" rather than "confirmed extension."

### The Bottom Line

Ethereum's technical setup presents a classic break of structure trading opportunity. The ball is firmly in bulls' court, but execution matters. $3,350 is the line in the sand — breaking it decisively would reset the entire technical picture upward, while a rejection would keep traders guessing whether the $3,150 area truly marks a significant bottom or merely a temporary pause before deeper losses.