Ethereum (ETH) Clears $3,500 Barrier, Extends Bullish Momentum
On November 9, Ethereum (ETH) price on OKX surged past the $3,500 resistance, climbing to $3,514.11 for a 4.05% intraday gain. By November 12, the ETH price held above this key barrier at $3,500.76, up 0.56%, reinforcing bullish momentum. The price breakout signals increased institutional interest and technical buy signals. Momentum traders may view the move as a buying opportunity, while risk-aware investors should monitor price volatility and market sentiment before opening new positions.
Bullish
The breakthrough above the $3,500 resistance on OKX, first with a 4.05% surge on November 9 and then with stable support at $3,500.76 on November 12, underscores sustained bullish momentum for ETH. Institutional interest and technical buy signals fuel short-term trading activity, while the new support level reduces downside risk. Overall, this development is likely to boost trader confidence and attract further buying pressure in both the short and medium term.