ETH breaks through the key level of $3300, with a 24-hour increase of nearly 4%

According to the latest news, ETH has broken through the 3300 USDT integer level, with the current price at 3302.45 USDT. This breakthrough is not only a numerical crossing but also reflects Ethereum’s strong performance in the recent market. Combined with the latest market data, this wave of ETH’s rise is backed by considerable market support.

Market Context of the Price Breakthrough

Recent strong momentum

According to market data, ETH has increased by 3.92% in the past 24 hours, which is a quite good performance in the cryptocurrency market. From a longer-term perspective, ETH has risen by 4.18% over the past 30 days, showing a steady upward trend. However, it is worth noting that ETH has decreased by 2.05% in the past 7 days, indicating that although the overall trend is positive, there are short-term adjustments.

This trend indicates that after experiencing a recent short-term correction, ETH has regained the 3300 level supported by the market.

Market activity remains high

Looking at market trading volume, ETH’s 24-hour trading volume has reached $2.177 billion, reflecting a high level of trading activity for ETH. As the second-largest asset by market cap, ETH accounts for 12.10% of the entire crypto market, with a market cap of $38.72 billion. These data suggest that breaking through 3300 is not an isolated event but is built on a solid foundation of market activity.

What does this breakthrough mean

Psychological level breakthrough

The 3300 level is often regarded as a psychological price point in technical analysis. When ETH breaks through this level, it usually attracts more traders’ attention. From a market psychology perspective, breaking such integer levels often reinforces bullish expectations.

Reflection of market structure

ETH’s ability to break through 3300 reflects relatively strong bullish forces in the market. Coupled with a 3.92% increase over 24 hours and substantial trading volume support, this breakthrough has a certain degree of credibility. However, the 2.05% decline over the past 7 days also reminds us that there is still short-term pressure for correction.

What to watch for next

From a technical standpoint, whether 3300 can become a new support level is crucial for the follow-up. If ETH can stabilize at this price, the next target could be higher. But if it encounters a pullback, the support around 3300 will become a key test for the market.

Summary

ETH breaking through 3300 USDT marks the continuation of its recent upward momentum. Based on the 24-hour 3.92% increase, $2.177 billion in daily trading volume, and its position as the second-largest asset by market cap, this breakthrough is supported by significant market activity. However, investors should note that the short-term correction over the past 7 days indicates market volatility remains. Whether 3300 can become a new support level will be critical in judging the subsequent trend.