Ethereum price analysis (Neutral) — 3404.69 USDT (-1.16% 24h)

Ethereum continues to consolidate around the $3,400 level, showing resilience despite a modest 1.16% decline over the past 24 hours. The current price action finds ETH trading just above both its 20-day SMA ($3,393.82) and 50-day SMA ($3,389.85), indicating underlying strength in the medium-term trend. The RSI reading of 51.78 suggests neutral momentum, neither overbought nor oversold, providing room for movement in either direction. Trading volume remains robust at $919 million, supporting the current price levels. The 4.31% volatility reading indicates relatively stable conditions compared to typical crypto market swings. For traders, the key levels to watch are the $3,350 support and $3,500 resistance. A sustained break above $3,450 could signal renewed bullish momentum toward $3,600, while failure to hold $3,380 might trigger a test of the $3,300 zone. Position sizing should account for potential volatility spikes given Ethereum’s tendency for rapid moves.