Ethereum Price Teases a Break Out at $3450, What’s the Outlook?

Ethereum is hovering around the $3450 resistance level, sparking speculation about a potential breakout or a further decline. Market analysts are closely watching chart patterns and technical indicators to gauge the direction of the movement. This price action comes as Ethereum (ETH) trades near $3396. The current support sits at $3250, marked by the 100-day Exponential Moving Average (EMA). This level could act as a potential catalyst for a reversal.