Ethereum Breaks $3,450 Barrier: Analyst Sees Bullish Momentum

Recent analysis suggests that Ethereum (ETH) is nearing a significant price break, potentially reaching the $3,450 mark. Analyst Dan Gambardello highlights this shift by citing momentum oscillator readings and large-scale whale accumulation. Gambardello’s insights suggest that the market cycle may be bottoming out, with key technical indicators aligning with his observations. Ethereum’s performance is closely tied to broader market trends. The analyst notes potential resistance levels in the $2,700-$2,800 range and expects a break out from the multi-year symmetrical triangle pattern, which could signal a bull market for the cryptocurrency.