The value of Ethereum is showing positive movement above $3,550. If it surpasses the resistance at $3,650, there is a possibility for an increase in value.

Ethereum's value stayed strong above $3,500 and recently began rising above $3,600, similar to Bitcoin. Despite this, there are obstacles around the $3,650 and $3,680 resistance levels.

Although the price experienced a setback after reaching $3,654, it is still above $3,550 and the 100-hourly Simple Moving Average.

There is a support trend line at $3,550 and a key support at $3,575. If Ethereum fails to exceed the $3,650 barrier, it might begin dropping again. A significant decrease could lead to a test of the $3,320 level.

Technical indicators suggest a slight loss of momentum for Ethereum. The RSI value is currently above 50, indicating a positive trend.

As the price hovers around $3,550, breaking past the $3,650 resistance could lead to further increases in value.