Ethereum is showing signs of recovery after recent consolidation, with buyers stepping in around key support levels. Price action remains constructive, but a confirmed bullish continuation depends on breaking above nearby resistance.

The first major resistance is around $3,500. A successful breakout above this level could pave the way for a move toward the $3,800–4,000 range. On the downside, $3,200–3,250 serves as immediate support, while $3,000 remains the critical level for maintaining the broader uptrend.

Market sentiment is cautiously bullish, supported by steady network activity, institutional interest, and improving technical momentum. However, broader macroeconomic conditions may continue to drive short-term volatility.

Outlook: Neutral-to-bullish. Holding above support and breaking $3,500 would strengthen the bullish outlook, while a drop below $3,200 could trigger a deeper correction

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