Ethereum is ready to go, aiming at $3,500

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Ethereum has recently rebounded strongly from the $3,300 mark, as if it is accumulating strength to hit a new high of $3,500 before 2025. Although Bitcoin is still hovering around $100,000, Ethereum is like a warrior, stubbornly fighting against the decline.

With positive market signals and institutional capital pouring in, Ethereum (ETH) is like an athlete ready to go, preparing to sprint towards the goal of $3,500. Although many attempts to break through $3,500 have failed before, Ethereum does not seem to be giving up.

Yesterday, the price of Ethereum experienced a small correction of 4.67%, just like a small adjustment before the game. But the key is that it has gained a foothold at the important support level of $3,300 and rebounded quickly. Now, the trading price of Ethereum has reached $3,427, with a daily increase of 3.22%.

On the 4-hour chart, a striking bullish candle pierces the 20-day moving average like a sword, sending a signal that the market's bullish sentiment is heating up. At the same time, the MACD indicator seems to be cheering for the increase in buying pressure and is preparing for a big outbreak.

After Christmas, the net inflow of Ethereum ETF funds surged, as if it had received strong support from a strong backing group. Bigwigs such as Fidelity, BlackRock and Grayscale have all made moves to buy Ethereum on a large scale.

Looking ahead, Ethereum is expected to test and break through the psychological price of $3,500. If successful, its next target may be $4,000. Of course, on the downside, Ethereum also needs to be wary of the support strength of the two important levels of $3,244 and $3,000.

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