Ethereum is at a pivotal crossroads after a sharp move into the $3,160 resistance zone. A clean breakout could unlock higher upside targets, while failure at this level may trigger a near-term pullback as the market searches for stronger support before its next decisive move.
A Push Straight Into The $3,160 Resistance Zone
Lennaert Snyder noted in a recent update that Ethereum has pushed directly into a key resistance zone around $3,160. Similar to Bitcoin, ETH saw a typical Sunday pump that carried the price straight into overhead resistance, placing the market at a key decision point.
With Ethereum now trading around the $3,160 level, Snyder explained that a confirmed 4-hour reclaim of the level could open the door for continuation longs. In that scenario, upside targets come in near $3,250, with $3,390 acting as the final objective.
However, Snyder also cautioned that Monday sessions often fade or fully retrace Sunday-driven moves. A clear break in market structure cou
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