Cryptocurrency analysts predict Ethereum growth to $ 3500

Ethereum is holding the key level of $ 3,000, and this is what is currently determining market sentiment. If the price consolidates above this level, analysts expect it to move to $ 3,200, and in the event of a breakout, potentially to $ 3,500. Failure to hold the mark could quickly reverse the recent growth.

Technical indicators remain positive: ETH/BTC is holding support and is above the 21-week moving average. This reinforces expectations that the trend will continue, despite the correction from the October peak.

An additional factor is the activity in the derivatives market: the volume of open positions in futures has reached about 5 million ETH, which indicates a high interest of traders. This could be a catalyst for further price movements.

The blockchain has also seen record activity, with the number of wallets with a non-zero balance exceeding 175 million. This is the highest figure among all cryptocurrencies and a sign of the ecosystem’s steady expansion.

At the same time, institutional investors are cautious: on January 27, ETH spot ETFs recorded net outflows of $ 63.53 million. This may mean that the short-term outlook remains uncertain, even if the long-term signals look positive.