According to Odaily Planet Daily, cryptocurrency analyst Satoshi Flipper said that once the price of Ethereum breaks through the psychological barrier of $3,500, more upward momentum will be expected.

He pointed out that the ETH price is trying to turn $3,500 from resistance to support. If it successfully breaks through, this psychological number will attract more attention from retail investors.

But if ETH fails to break through this level, investor sentiment may take a hit.