Ethereum (ETH) is currently navigating crucial price thresholds identified as key levels influencing its near-term potential.
Market data analysis from Glassnode pinpoints a significant resistance zone for ETH between $3,877 and $3,987. Successfully breaching this range is viewed as potentially opening the path for further price appreciation.
Conversely, Ethereum’s primary support level stands firmly at $3,434. This price point is considered critical for maintaining the asset’s stability and preventing deeper corrections.
The identification of these specific resistance and support levels provides traders and analysts with valuable reference points derived from on-chain data.
Monitoring how ETH interacts with this resistance band near $3,900 and the $3,434 support will be vital for assessing its immediate market trajectory in volatile conditions.