Ethereum Soars by 8% Daily Surpassing $3.4K, Next Target Anticipated by Investors (Analysis of Ethereum's Value)

Ethereum has been experiencing upward momentum, surpassing the significant $3K mark and indicating the dominance of buyers. The bullish trend will likely target the $3.5K-$3.7K range next. Ethereum's price analysis reveals that it has maintained its upward trajectory, breaking past the crucial $3K resistance, a feat credited to the buyers since Ethereum surpassed the major $2.8K mark. The cryptocurrency is nearing a crucial supply zone between $3.2K and $3.4K, known for increased selling pressure. If Ethereum successfully breaks through this region, further price increases could be expected, with potential targets at $3.7K and possibly $4.1K.

Ethereum's ongoing rally suggests it may be preparing for a new attempt at its all-time high, pending further price action developments. At the same time, temporary periods of consolidation are likely on the way to this significant milestone