Ethereum Price Analysis: Will $3,570 Hold or Spark a Breakdown?

Ethereum’s price remains stable around the key support level of $3,400. However, traders are closely watching for a crucial breakout from the resistance range of $3,570-$3,640, where exceeding could indicate further upward movement. Analysts like trader Lennaert Snyder highlight potential short positions after a rejection at this level and long positions if the price breaks through. A breakdown below $3,400 may lead to a retest of the $3,260 support level.