As per NewsBTC, Ethereum price has surged above $3,200, with traders watching for a potential bullish extension. ETH is currently attempting to break through the $3,250 resistance level, having already moved past $3,120 and $3,000. The price is trading above the 100-hourly Simple Moving Average and a bullish trend line on the hourly chart. If ETH/USD settles above $3,250, it could accelerate higher toward $3,320 and potentially $3,450. However, a failure to clear $3,250 may trigger a downside correction, with key support levels at $3,120 and $3,050.
Ethereum Price Surges Above $3,200, Eyes $3,250 Resistance
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