Ethereum price recently broke out of a week-long consolidation phase, witnessing a 5% surge to retest the crucial $3,200 level. This positive movement comes as analysts set new targets based on recent momentum. The second-largest cryptocurrency appears to be gathering strength as it aims to break through resistance. Investors are keenly observing any signs of sustained upward movement. Should Ethereum maintain this upward trajectory, greater price levels could be anticipated soon. Market enthusiasts consider this a critical moment for Ethereum and closely track developments moving forward.