From late night to early morning today, Ethereum showed extremely strong momentum, not only firmly standing above $3,000 but also surging over 7% intraday at its highest, breaking through the $3,200 mark in one move and leading the market.

Ethereum $ETH strongly broke through the core resistance zone of $3,100–$3,200 during the day, which had repeatedly suppressed price rebounds recently. This breakout is significant, clearing the way for the price to challenge higher targets.

Downtrend Ends On the daily chart, the price has clearly exited the descending channel that started in November, establishing a new upward trend. Analysts point out that if this area holds, the medium-term target could even reach $5,000.

Solid Bottom Structure A solid multiple bottom structure has formed in the $2,718–$2,850 range, and the current rally can be seen as a natural extension of this bottoming pattern, providing a strong foundation.

Resistance levels: $3,300–$3,400 (previous high-volume area), $3,500 (psychological and technical level).

Support levels: $3,100–$3,150 (post-breakout pullback confirmation area), $2,950–$3,000 (trend strength dividing line).

Positioning strategy Enter long positions at the $3,100–$3,150 support zone, target 🎯$3,300–$3,350#十二月降息预测 .