Ethereum Price Holds Key Support; Could Break $3,200 Soon

Ethereum prices are currently hovering near the $2,521 level, demonstrating a strong support zone. Traders are closely monitoring this area for potential breakout signals, with a target of potentially hitting $3,200 if momentum continues and structure holds. Chart analysis reveals an ascending triangle pattern that suggests bullish movement. A close above $2,650 could signal the start of a significant upward trend.