This Ethereum price level is preventing ETH from breaking out

  • Ethereum price continues to make successive moves higher over the weekend, creating a new three-month higher on Saturday.
  • Dip buying continues, but bullish conviction is tested against the $3,500 price level.
  • A 12% pullback is likely if bulls fail to close above $3,500.

Ethereum price action is at an inflection point. All eyes are on Ethereum to see how it reacts to the $3,500 level this week. Failure to close above could likely result in a swift return to $3,000…


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