Ethereum Breaks Through Resistance, Hints at Bullish Shift

Ethereum price is showing signs of a potential reversal and could push towards the $3,450 level, according to analyst Dan Gambardello. His analysis highlights the growing momentum for ETH, indicating that it might be entering a new upward trend. Gambardello points to several key indicators, including the rise in whale activity, which suggests significant accumulation of Ethereum at current levels and charts reminiscent of previous market bottoms. This shift is especially notable as it coincides with a recent change in momentum oscillators, suggesting a potential breakout from resistance.