Ethereum Price Holds Above $3,160 As Bears Cap ETH Below $3,250 Resistance

Ethereum has pulled back from the $3,300 resistance and is now trading below $3,220 and the 100-hourly Simple Moving Average while holding support near $3,160. Key resistance levels are clustered around $3,220, $3,260 and $3,280, with a short-term declining channel capping gains near $3,210. A drop below $3,140 could open the way toward $3,080 and $3,050, while a clear move above $3,280–$3,320 may trigger a push toward $3,400–$3,450.