Ethereum Price Breaks $3,500, Aims $3,600 on ETF Inflows
Ethereum price surged past the $3,500 resistance, forming a bullish triangle pattern reminiscent of May’s rally. The Ethereum price breakout has renewed momentum, with technical indicators like MACD and RSI supporting further upside. Immediate resistance sits at $3,650 and $3,720—breaks could open paths to $3,800 and $4,000. Analyst CryptosBatman forecasts a renewed upswing toward $3,600 once the pattern resolves. Spot Ethereum ETF inflows from BlackRock and Fidelity, alongside large accumulations by SharpLink and BitMine treasuries, underscore strong institutional demand. Traders should monitor ETF inflows, key support levels at $3,550–$3,500, and the triangle breakout for short-term trades and long-term bullish potential.
Bullish
The combined news of Ethereum price breaking the $3,500 barrier, forming a bullish triangle pattern and securing strong technical signals (MACD, RSI), alongside substantial Spot Ethereum ETF inflows and large-scale institutional accumulation by BlackRock, Fidelity, SharpLink and BitMine, underscores robust buying pressure. In the short term, traders are likely to chase the next resistance levels at $3,650 and $3,720, eyeing a breakout toward $3,800 and $4,000. Over the medium to long term, sustained ETF inflows and institutional demand could support all-time highs and usher in a new altcoin season. These factors collectively point to a bullish outlook for Ethereum price.