​$ETH is trading near the $3,200 level, erasing some of its recent gains.

​Key Resistance: The major battle zone remains the $3,300 - $3,350 area. Failure to break this suggests persistent selling pressure from traders.

​Support Test: The price has bounced from its critical support zone near $3,100. A sustained break below this could signal a move back toward the $3,000 psychological level.

​Positive Catalyst: Institutional inflows into Ethereum ETFs remain consistent, suggesting long-term conviction is still intact, despite the short-term price chop.

ETH
ETHUSDT
3,117.72
+0.88%