Ethereum Faces Key Resistance Level Amid Market Fluctuations

According to PANews, Ethereum is currently trading around $3,273, with the market closely watching the short-term resistance level at $3,300. This level could be crucial in determining Ethereum's next move. As of January 11, the trading range is between $3,192 and $3,322. After a significant drop from $4,111, Ethereum is consolidating between $3,200 and $3,300. A breakthrough above $3,400 may indicate bullish potential, while a decline below $3,100 could confirm a bearish trend. The short-term resistance is at $3,300, with increased trading volume suggesting strong selling pressure. Oscillators are neutral, but the MACD indicates a bearish momentum. Currently, moving averages favor sellers, with key support levels near $3,265 and $3,109.