What are the key support and resistance levels for Ethereum?

The key support and resistance levels for Ethereum are as follows: 1. **Support Level**: Ethereum has a support level at $3,400. This level is significant as it acted as a support zone in the past, preventing a deeper correction. Holding above this level is crucial for maintaining bullish momentum. 2. **Resistance Level**: The resistance level for Ethereum is currently at $3,700. This level was challenging for the crypto to break through, indicating a concentration of selling pressure above this price. However, the recent decline to $3,640 is seen as a healthy correction rather than a trend reversal, supported by low bearish volume. 3. **Additional Insights**: Ethereum is also approaching a key resistance level at $4,800. Analysts have projected potential breakout targets of $5,200 and $6,400, indicating a broader bullish trend if the current resistance is overcome.