ETH attempts rebound above $3,200 as $3,400–$3,500 resistance zone stays in focus

ETH is trying to reclaim the $3,200 level while a descending trendline in place since early October continues to cap upside momentum. Price remains below the 100- and 200-day moving averages near $3,600, with $3,400–$3,500 marked as key resistance, according to analyst Shayan. Support around $2,900 has held several times, and a decisive break and close above resistance could open the way toward $4,000.