The post Bull Run or Rejection Ahead? appeared on BitcoinEthereumNews.com. Key Insights : ETH trades near $3,500 resistance; breakout or rejection will shape the next market direction. Traders watching $3,260 support closely; a breakdown could trigger renewed selling pressure fast. Range between $3,100 and $3,500 offers clear short and long zones for active trades Ethereum Eyes $3,500 Breakout: Bull Run or Rejection Ahead? Ethereum (ETH) was now trading around $3,405, holding just below the $3,500 resistance level. The price has increased by 5.38% in the last 24 hours, while showing a 12.28% decline over the past week. The chart shared by LennaertSnyder shows ETH consolidating near the top of a key resistance zone between $3,480 and $3,550. This range has previously acted as a turning point, and the market is watching for a reaction. If the price breaks through and holds above, the next level of interest is near $3,646. If rejected, the price could return toward $3,350 or lower. Support Levels Remain in Focus ETH continues to form higher lows, with $3,350 acting as a local support. This level remains relevant while the price pushes toward resistance. However, traders are also watching the $3,260 area. Losing this level could lead to lower prices. In a post, LennaertSnyder said,  “I’d like to hold above key $3,260 support, if we lose that more downward momentum is triggered.”  Source:  LennaertSnyder/X This statement reflects the cautious stance many are taking around current price levels. Range Holding Between $3,100 and $3,500 Another chart shared by Crypto | Stocks | Freedom shows ETH trading in a wide range between $3,100 and $3,500. The price is currently near the upper edge of this range, where short entries are being considered. The same principle applies to $ETH, we’re ranging between $3,100 and $3,500. Look for longs around $3,100–$3,200 and shorts around $3,400–$3,500. If we see a breakout,… The post Bull Run or Rejection Ahead? appeared on BitcoinEthereumNews.com. Key Insights : ETH trades near $3,500 resistance; breakout or rejection will shape the next market direction. Traders watching $3,260 support closely; a breakdown could trigger renewed selling pressure fast. Range between $3,100 and $3,500 offers clear short and long zones for active trades Ethereum Eyes $3,500 Breakout: Bull Run or Rejection Ahead? Ethereum (ETH) was now trading around $3,405, holding just below the $3,500 resistance level. The price has increased by 5.38% in the last 24 hours, while showing a 12.28% decline over the past week. The chart shared by LennaertSnyder shows ETH consolidating near the top of a key resistance zone between $3,480 and $3,550. This range has previously acted as a turning point, and the market is watching for a reaction. If the price breaks through and holds above, the next level of interest is near $3,646. If rejected, the price could return toward $3,350 or lower. Support Levels Remain in Focus ETH continues to form higher lows, with $3,350 acting as a local support. This level remains relevant while the price pushes toward resistance. However, traders are also watching the $3,260 area. Losing this level could lead to lower prices. In a post, LennaertSnyder said,  “I’d like to hold above key $3,260 support, if we lose that more downward momentum is triggered.”  Source:  LennaertSnyder/X This statement reflects the cautious stance many are taking around current price levels. Range Holding Between $3,100 and $3,500 Another chart shared by Crypto | Stocks | Freedom shows ETH trading in a wide range between $3,100 and $3,500. The price is currently near the upper edge of this range, where short entries are being considered. The same principle applies to $ETH, we’re ranging between $3,100 and $3,500. Look for longs around $3,100–$3,200 and shorts around $3,400–$3,500. If we see a breakout,…