ETH breaks through the 3350 mark, with a 7-day increase of over 7%, and market enthusiasm continues to grow.

Ethereum (ETH) today broke through the 3350 USDT integer barrier, currently trading at 3354.8 USDT. This is not only a technical price breakthrough but also reflects the market’s continued optimism towards ETH. Combining recent market performance, ETH is in a relatively strong upward cycle, with data across multiple timeframes showing a clear upward trend.

Short-term Strong Breakthrough, The Significance of the Integer Barrier

Multi-timeframe Growth Performance

ETH’s rise is not isolated but manifests as a systematic increase across multiple timeframes:

From this data, it is evident that ETH’s increase is gradual. The 30-day gain of 13.40% indicates that this upward trend has been ongoing for some time, while the 7-day increase of 7.16% suggests a more recent acceleration, which often signals further market enthusiasm.

Market Significance of the Integer Barrier

The integer level of 3350 USDT often holds psychological significance in technical analysis. When prices break through such key levels, it tends to attract more investor attention and may further push prices upward. ETH has now surpassed this level; whether it can stabilize above it will be an important indicator of market confidence.

Market Activity Continues to Rise

Key Market Indicators

From market performance, ETH’s popularity remains high:

• Market Cap Rank: 2nd among cryptocurrencies
• Market Cap: $40.326 billion
• Market Share: 12.50%
• 24-hour Trading Volume: $1.063 billion

These figures show that, despite a 27.21% decrease in 24-hour trading volume compared to the previous day, ETH, as the second-largest crypto by market cap, still maintains a high level of market activity. The 12.50% market share also indicates that investor enthusiasm for ETH remains relatively stable.

Circulating Supply Status

ETH currently has a circulating supply of 120,694,592 tokens, which are unlimited supply tokens. This means that ETH’s price increase is not driven by supply contraction but by genuine growth in market demand.

Key Points for Follow-up Observation

From a personal perspective, ETH’s performance after breaking the 3350 barrier warrants attention. In the short term, the market should observe:

• Whether 3350 can become a new support level or is just a rebound high
• The next major resistance levels
• Whether trading volume can support the price increase to ensure sustainability

Based on the current upward momentum, if market sentiment remains stable, ETH may continue to explore higher levels, but any market risk factors could disrupt this scenario.

Summary

ETH breaking through 3350 USDT is not just a price figure but a reflection of market sentiment. The 13.40% increase over 7 days, stable market cap ranking, and ongoing trading activity all point to a relatively healthy upward trend. However, investors should remain cautious of short-term pullback risks. The key is whether ETH can hold above the integer level and establish a new support. The future price movement will depend on whether market demand can continue to sustain this upward trend.