Ethereum Faces a Crossroads: Break Through $3,270 or Drop Back to $2,380?

Crypto analysis company MakroVision has shared its assessment of the current technical outlook for Ethereum (ETH). According to the analysis, Ethereum still exhibits weak structure despite recent recovery efforts and has not yet generated strong bullish momentum. MacroVision notes that Ethereum’s price has held above the support zone around $2,810–$2,870 and shows limited upward momentum. However, analysts point out that the real key level is $3,270. This zone faces strong selling pressure as it is both a horizontal resistance and the intersection point of the main downtrend line. According to the company, as long as Ethereum continues to trade below the main red-marked downtrend, the medium-term structure remains bearish. They note that the current price action should be viewed as a technical correction after a sharp sell-off; it is too early to confirm a trend reversal. MacroVision suggests that a sustained breakout above the $3,270–$3,350 range could reignite Ethereum’s bullish momentum. In this scenario, the price could initially rise toward $3,727, and then target the $3,965–$4,290 range. However, it is important to note that if this resistance cluster cannot be broken again, downside risk will remain, and the price could test the next support zone around $2,380. MacroVision believes that as long as Ethereum maintains the key support level above $2,810, short-term recovery potential remains.