Ethereum Holds Above $3,200 as Rally Stalls Below Key Resistance

Overview

• Ethereum traded around $3,264.75 at the latest check, up about 1.3% over 24 hours, according to Brave New Coin.
• NewsBTC reported an intraday peak at $3,299, with price consolidating above the 100‑hour simple moving average and a trend‑line support near $3,200.
• Analysts highlight immediate resistance around $3,265–$3,300 and a recurring ceiling near $3,400 that has rejected prior advances.
• A decisive move above $3,300 could target about $3,350 to $3,500, while a rejection raises the risk of pullbacks toward $3,200, $3,120 and potentially $3,050.
• CoinIdol notes ETH remains range‑bound since late November above roughly $2,800, with momentum favored while price holds above short‑term moving averages such as the 21‑day SMA.