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Ethereum (ETHUSD) is currently exhibiting strong bullish momentum, moving towards significant resistance zones. On the daily chart, the asset is testing a critical resistance area spanning from $3,349 to $3,548. A confirmed breach above $3,550 would likely signal the initiation of a third wave to the upside, targeting levels beyond $4,600. While an alternative B-wave or extended Wave 4 scenario is acknowledged, the current market structure lends higher probability to continued upward trajectory. Zooming into the 30-minute timeframe, ETHUSD has entered a short-term resistance area, having already touched the 161.8% Fibonacci extension at approximately $3,314. The next notable resistance level is projected around $3,500. Key support levels to monitor include the 38.2% Fibonacci retracement at $3,166 and the 50% retracement at $3,134. The prevailing trend remains clearly bullish, with no indication of a local top formation at this time. The strategy involves anticipating further price appreciation. The short-term bullish outlook would be invalidated by a five-wave decline or a decisive break below the support at $3,124.