Experts name conditions for Ethereum growth to $ 3220

The price of Ethereum continues its steady recovery after a decline and is approaching the key psychological level of $ 3,000. After rising above $ 2,920, the second-largest cryptocurrency by capitalization has consolidated in the positive zone, showing signs of further upward movement.

According to NewsBTC, ETH is trading above $ 2,950 and the 100-hour moving average. On the hourly chart, an upward trend line is forming with support around $ 2,930, which indicates a buyer’s advantage. The nearest resistance level is located at $ 3,000, and then at $ 3,030 and $ 3,050. If Ethereum manages to gain a foothold above this zone, analysts expect further movement in the direction of $ 3,120-$ 3,200, and potentially up to $ 3,220 in the short term.

Technical indicators confirm the dominance of bullish sentiment: The MACD for the ETH/USD pair is gaining positive momentum, and the RSI has risen above the neutral level of 50. This indicates an increase in investor interest after the last correction.

At the same time, experts warn that a local pullback is possible if the pair fails to break through the $ 3,000 level. The price will receive its first support around $ 2,950, and then in the $ 2,920 area. A breakout of these boundaries could lead to a drop to $ 2,880 or even $ 2,800, while strategic support remains at $ 2,720.

Thus, the current phase of trading for Ethereum could be decisive: holding above $ 2,950 and breaking through $ 3,000 will open the way to a new upward momentum, while failure could return the asset to the consolidation range that has been in place since early December.