ETH breaks through the 3300 mark, a 7-day increase of over 10% signals the market trend behind it

According to the latest news, ETH broke through the key integer level of 3300 USDT today, with the current price at 3303 USDT. This is not only a technical breakthrough but also reflects the recent strong performance of the Ethereum market. Combined with the latest market data, ETH is experiencing a clear upward cycle.

Data Support Behind the Breakthrough of the Key Level

ETH breaking through the 3300 integer level is no coincidence. From the price trend, this is a relatively balanced upward process:

The short-term (1 hour) increase is relatively moderate, but the medium-term (24 hours) and recent (7 days) increases have accelerated significantly. The 7-day increase surpassing 10% indicates that the market has accumulated strong bullish momentum within this cycle.

High correlation with trading volume

The market trading volume further validates the effectiveness of this upward movement. The 24-hour trading volume reached $2.516 billion, a 35.71% increase from the previous day. The significant rise in volume suggests this is not a weak rebound but an upward trend with actual capital participation.

Stable market position

As the second-largest asset by market capitalization, ETH’s market cap has reached $39.694 billion, accounting for 12.29% of the market. This position remains relatively stable within the entire crypto market, indicating that ETH’s performance often reflects the overall market trend. When ETH breaks through key levels, it usually drives other assets to follow.

Technical Significance of the 3300 Level

In technical analysis, integer levels (such as 3000, 3100, 3200, 3300, etc.) are often key psychological points for market participants. These levels tend to gather more stop-loss and limit orders. Successfully breaking through such resistance levels often signals a shift in market sentiment and confirms an upward trend.

Looking at the 30-day increase of 9.01%, ETH has been steadily rising over the past month. The 7-day increase of 10.50% exceeds the 30-day figure, indicating that the recent week’s upward speed has accelerated significantly, which directly fuels the breakthrough of 3300.

Focus for Future Observation

Based on current performance, several aspects deserve attention:

• Whether ETH can hold above 3300 and if it will become a new support level
• Whether trading volume can continue to stay high, to judge the sustainability of the rise
• Whether the next integer level (3400) will become a new target
• Whether ETH’s market share will increase due to its rise

Summary

ETH breaking through 3300 USDT reflects the market’s continued optimism about Ethereum. From trading volume, price trend, and market cap position, this upward movement has a solid foundation. However, the performance after breaking key levels is equally important. Whether ETH can maintain the 3300 support and continue upward will be crucial for future market direction. As the second-largest asset by market cap, its performance often indicates the overall market trend and warrants ongoing attention.