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ETH’s recent move has been pretty strong, but reaching 3250 happened a bit too quickly.
Looking at the chart on the left, you can see that 3250 is a key resistance level and could trigger a pullback. With the price getting so close, chasing longs here is too risky—I don’t recommend it.
If a pullback does happen, focus on two key zones: the 3090-3075 area may see support and resistance flip, and below that is 2980.
If 3250 is broken smoothly, the market could pick up speed. On the upside, the first target is around 3365, and for those more aggressive, 3650 isn’t out of the question.