Ethereum Price Holds Near $3,500; Will a Breakout Signal Bull Run or Is Rejection Likely?

Ethereum (ETH) is currently hovering near the crucial resistance level of $3,500, sparking anticipation for a potential breakout. Traders are closely watching key support levels such as the $3,260 mark to gauge the direction of the market. A breakdown below this level could trigger renewed selling pressure, potentially sending ETH prices back toward the $3,350 support. ]