Ethereum's current price is facing significant resistance around $3,402.89. From a technical perspective, this level is a key short-term resistance point, and a continued upward breakthrough requires volume support.

What is the recent situation? Trading volume has significantly declined compared to previous highs, indicating that the upward momentum is weakening and there is no clear bullish consensus in the short term.

For participants, the range of 3,318 to 3,350 USDT is worth关注—this is near the previous high before encountering resistance. If setting a stop-loss, using 3,410 USDT as a reference point (above the previous high) can better control risk.

From a downside perspective, the first target is around 3,250 USDT, and further down is 3,200 USDT—where the MA20 moving average provides support. Technically, these levels are worth monitoring, especially whether volume can be effectively released, as it directly impacts the credibility of subsequent breakthroughs.