Ethereum Eyes $3,450: Three Key Trading Scenarios for Today

⬤ Ethereum has climbed to $3,400, mirroring Bitcoin’s recent surge. As the price consolidates around this zone, traders are watching for breakouts and new market structures to form.

⬤ Three scenarios are in play today. First, if ETH drops below $3,270, it could sweep liquidity and set up a long entry when the market structure breaks on lower timeframes. Second, Ethereum might test the weak $3,400 weekly high—reclaiming it on the H4 chart opens a long opportunity, while rejection could offer short scalps targeting liquidity below. “The market’s reaction to these key levels will dictate the next potential move for Ethereum,” with traders positioning for possible entries based on price behavior.

⬤ The third scenario involves a bullish continuation. Breaking above $3,450 could trigger long trades targeting $3,600. How Ethereum handles these critical levels will shape its short-term direction—holding above $3,400 and pushing toward $3,450 sets up further gains, while failure to maintain support could lead to consolidation or reversal.