Ethereum has bounced back above $3,200, but it meets strong resistance at the $3,320 level. Technical indicators show a cautious market sentiment as price action consolidates between established support and resistance levels. Traders will need to observe the momentum closely. If Ethereum can break through this resistance, it may lead to further gains. Conversely, failing to overcome this level could signal a potential retracement. Investors should keep an eye on upcoming market trends and news that might affect Ethereum’s price movements. A close above $3,320 will open the door to new highs, while a drop below key support could trigger selloffs. Stay informed and engaged with the latest developments in the cryptocurrency market.