Ethereum Price Momentum Builds Above $3200 – Crypto Price Analysis
Ethereum trades near $3242.9 on the 4h chart, pressing into the upper Bollinger Band at $3245.6. Price holds above the 20 EMA at $3158.3, with clean separation from the 50 EMA at $3086.8 and the 100 EMA at $3045.7.
This EMA stack shows Ethereum upward pressure with rising slope. Bollinger Bands widen after a long squeeze, signaling active expansion. The structure reflects controlled strength rather than exhaustion.
What are the Supports and Resistances
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $3067.6 | Former range ceiling now acting as reaction support. |
| Support 2 | $2734.6 | Major demand base from prior swing lows. |
| Resistance 1 | $3437.6 | Upper rejection zone with prior supply. |
| Resistance 2 | $3245.6 | Active… |
