$ETH is showing bullish momentum with a significant rise in price, breaking above key moving averages. The 7-day moving average (yellow line) has crossed above the 25-day moving average (pink line), which is a strong bullish signal. Additionally, the price remains above the 99-day moving average (purple line), further indicating an upward trend.

$ETH appears poised to continue its upward trend, potentially targeting $3,500 in the near term if the bullish momentum holds.