Ethereum (ETH) is trading near a significant technical barrier at $4,343, a move through which could signal its next major market direction.
The cryptocurrency is currently priced at $4,290, reflecting a moderate 1.19% price increase. This upward move brings it close to breaching the critical resistance point identified by market analysts.
A successful breach of the $4,343 resistance level would indicate bullish momentum potentially leading to further gains. Conversely, failure to overcome this ceiling could trigger a price decline towards the key support zone near $4,200.
Investors and traders are advised to closely monitor ETH’s price action around these pivotal levels. Whether the asset breaks above resistance or falls back towards support will likely provide strong signals about its near-term trend.