#ETHBreakout3.5k | Are we witnessing the birth of a new bullish wave?

Ethereum (ETH) surpasses the $3,500 barrier again, indicating a significant technical breakout that may open the door towards $3,800 - $4,000 levels. This breakout was supported by renewed institutional momentum, an increase in the number of active addresses, and rising demand for ETH futures contracts.

Technical indicators like the RSI show increasing buying strength, while time analysis reveals that this movement aligns with the upcoming Proto-Danksharding upgrade, enhancing the network's appeal.

But caution is required; the breakout needs confirmation above 3.6k with strong trading volume to avoid bull traps.

📈 The current trend is bullish, and eyes are on the next resistance.

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