According to Odaily Planet Daily, cryptocurrency analyst Satoshi Flipper stated that once the price of Ether breaks through the psychological level of $3500, there is hope for more upward momentum.

He pointed out that the ETH price is trying to turn $3500 from a resistance level into a support level. If successful, this psychological number will attract more retail investors' attention.

But if ETH cannot break through this level, investor sentiment may be impacted.