Ethereum (ETH) is testing a critical resistance level at $3,303, driven by strong bullish momentum. Currently trading at $3,253.44, ETH has seen a 9.5% increase over the past week and an 11% rise in the last 14 days. The cryptocurrency's market cap remains steady at $392.7 billion, with a 24-hour trading volume of $28.85 billion. The price action suggests a potential breakout if Ethereum can surpass the $3,303 resistance, which aligns with the 0.786 Fibonacci retracement level. A successful breach could propel ETH towards the $3,400–$3,600 range. On the downside, support is seen at $3,190, with further declines possible to $3,100 or $2,980 if this level fails. Ethereum's futures market shows significant volatility, with $101.83 million in liquidations over the past 24 hours, predominantly from long positions. This indicates a bullish bias but also highlights the need for caution due to high liquidation figures.