Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound

) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5.ETH price rising above its 50-week exponential moving average means the price also inched above $3,000, a psychological support level that may serve as the ground for Ether's next leg up.The 50-week EMA was instrumental in maintaining Ether's bullish bias across 2020 and 2021.

As a result, reclaiming the 50-week EMA as support has opened up the possibility of additional upside moves toward the next resistance target near the 20-week EMA , which comes to be around $3,500. Meanwhile, a decisive break above $3,500 could have ETH/USD test a horizontal resistance trendline that constitutes an ascending triangle pattern. Such a move would put the Ethereum token en route to its previous record high near $5,000.The latest buying in the Ethereum market appeared as

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I wanna c Cathie Wood Prediction of 170K per ETH come true

Etherum 🐄🚀

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If we’re still in a bull cycle then definitely!

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