Ethereum is maintaining its support level, with resistance in the range of $3,100 to $3,200. There's speculation of a potential 5% rally, depending on factors prolonging the next resistance. Currently at $3,262.57, Ether's next support is around $3,220.

Crossing $3,000 is seen as positive, but dropping below could invite bearish sentiment. Technical indicators suggest trading above $3,165 would be beneficial, with support at $3,170. The close proximity of these figures implies a fall to $3,165 at most.

Ethereum's value above $3,150 signals bullishness. Factors like Bitcoin Halving and Ether ETF influence ETH's movement, though the ETF's timing is uncertain. ETH previously dipped below the 50% Fib retracement level but is eyeing resistance at $3,350 and $3,550, aiming for $3,880. A correction is expected, but long-term predictions estimate $5,000 by year-end or $4,300 by next year.

Ethereum has numerous addresses holding millions of tokens. Technical indicators show bullish momentum, with support at $3,120 and resistance at $3,280.

Despite previous highs around $3,800, some investors may sell off if there's no compelling reason to hold long term, emphasizing the need to navigate volatility.