Ethereum Price Eyes $3,400 Breakout Amid Strong Buying Pressure

Ethereum's price is showing renewed bullish momentum as buyers defend its recovery structure. Technical indicators signal strong buying pressure, while Bitmine continues expanding its Ethereum holdings.

Rising network activity further supports the improving outlook, although traders remain focused on resistance and potential consolidation ahead.

Ethereum analyst Michael van de Poppe noted that ETH is 'getting into an interesting zone,' highlighting the importance of the current price structure. He suggested that a break above this area could open the path toward the $3,400 resistance level.

The forecast remains an analyst view, while broader market conditions and key support levels will determine whether the recovery can continue.