Ethereum’s Rise to $3500 Gains Momentum with Strong Market Liquidity

Ethereum has recently shown signs of renewed strength, with the price nearing the critical $3,500 resistance level. Traders are optimistic about a potential breakout, fueled by rising market liquidity and strong on-chain support. The current stability in Ethereum’s price above crucial support levels indicates a balance between bullish sentiment and careful accumulation.

Analysts are closely monitoring the momentum in the Ethereum market, with many experts pointing to the $3,500 mark as a key milestone in the ongoing rally. Market data reveals significant liquidity pools between $3,200 and $3,350, creating a solid base for Ethereum’s upward movement. Traders view this consolidation phase as a potential launchpad for further gains, leading to increased stability in Ethereum’s short-term price structure.

From a technical perspective, Ethereum’s candlestick patterns suggest bullish momentum, with higher lows and increased volume signaling a shift in control towards the bulls. The immediate goal for Ethereum is to break above the psychological resistance at $3,500, which could pave the way for a push towards $3,700 or even $3,800 in the coming weeks.

Looking at broader Ethereum price prediction models, experts anticipate a range of $3,500 to $4,700 by the end of November. The positive outlook is supported by deflationary issuance and growing staking activity, which are reducing the available supply of ETH in the market. As long as Ethereum maintains its momentum and liquidity concentration, the rally is expected to continue before any significant correction occurs.

Beyond short-term technical factors, Ethereum’s long-term fundamentals remain robust. With over 27 million ETH staked on the network, the available supply is shrinking, leading to increased price stability. The transition to a deflationary model and rising network activity further enhance Ethereum’s long-term valuation prospects, with the potential for the price to reach $10,000 in the future.

While there are warnings of potential resistance levels near $3,500–$3,700 and macroeconomic risks that could impact Ethereum’s trajectory, the overall sentiment is cautiously optimistic. Positive on-chain data and improving price analysis indicators are bolstering trader confidence, setting the stage for Ethereum to test higher resistance levels in the coming weeks.

In conclusion, Ethereum’s price action is attracting attention once again, with expectations of a rally towards $3,500 fueled by strong liquidity, favorable fundamentals, and growing staking participation. Despite potential short-term volatility, Ethereum’s foundation appears solid, positioning it as a key indicator for the broader cryptocurrency market sentiment. If the current momentum persists, Ethereum could establish a sustainable uptrend in the weeks ahead.