Ethereum (ETH) just broke above $3,500 – this is called a breakout, meaning it crossed a strong resistance level. ETH had tried to pass this level before but couldn’t. Now that it has, many traders believe a new bullish rally could begin.

Ethereum is rising because it’s the most popular platform for smart contracts, NFTs, and DeFi. Big investors (called whales) are buying ETH, and there’s growing excitement about Ethereum ETFs. Also, Bitcoin’s recent strength is pulling ETH up too.

If ETH stays above $3.5k, it could move towards $3.8k or even $4k. But if it drops below, it might retest lower levels before trying again.

In simple words, Ethereum just passed a big test. If it stays strong, the price could go even higher. It shows the market is confident.

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