Ethereum Breaks Toward $3,500: Bulls Charge as Key Resistance Cracks
Ethereum's price action just turned explosive—analysts are calling for a rapid surge past $3,500 as critical resistance weakens.
Why this matters: The second-largest crypto isn’t just flirting with resistance—it’s punching through. Traders who waited for a pullback might’ve missed the boat (again).
The setup: ETH’s chart shows a textbook breakout pattern, with liquidity stacking just above current levels. Shorts are sweating.
Meanwhile, Bitcoin’s grinding sideways—altcoins are stealing the spotlight while Wall Street’s ‘digital gold’ narrative gathers dust.
Bottom line: When ETH moves, it moves fast. This rally could leave skeptics scrambling—or blaming ‘market manipulation’ from their exit liquidity positions.
$3,000 test triggers liquidations and upside breakout
The rally has been fueled by over $4.57 million in short liquidations, with many bearish traders forced to exit positions as ETH approached the $3,000 resistance zone. According to liquidation heatmaps, dense stop-loss activity was clustered between $2,800 and $2,900—now acting as a new support region after ETH successfully retested it.
Van de Poppe, a popular crypto strategist,that the trend has clearly shifted upwards. He views any sub-$2,900 pullbacks as strong entry points, expecting ethereum to surge toward $3,500 in the coming weeks. “The trend has become upwards on ETH, which means there’s a lot of upside yet to be made,” he said.
Spot ETF demand continues to rise
The technical picture is supported by macro flows into Ethereum investment products. Spot ETH ETFs recently saw a record $907 million in weekly inflows, signaling growing institutional appetite. This influx of capital has mirrored a similar ETF-driven trend that pushed Bitcoin to its latest all-time highs above $118,000.
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Market outlook
Ethereum now boasts a $360.6 billion market cap with 24-hour trading volume at $14.1 billion. While volume declined 40% from previous days, the price strength suggests that conviction remains high among bulls. Traders are closely watching the $3,000 psychological level—if broken with sustained volume, it could act as a springboard toward the $3,500 target.
