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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Ethereum has solidified a noteworthy price breakthrough, indicating bullish momentum. Ethereum is currently trading at about $3,615 after surpassing significant resistance levels and continuing on its upward trajectory. An increase in investor confidence has been brought about by the recent move above the $3,500 mark, which corresponds to the 50-day exponential moving average (EMA). Ethereum has used this level as a major resistance in recent months, and its breach indicates that bullish sentiment is becoming stronger. Investors should keep an eye on the $3,700 level as the next resistance level, while the $3,500 level now serves as crucial support. The 200-day EMA is a reliable gauge of long-term bullish momentum, and Ethereum has held its position above it on the technical side. Currently the Relative Strength Index (RSI) is at about 55, indicating that upward movement is still possible without going into overbought territory. The breakout of Ethereum has been accompanied by a surge in activity on the larger cryptocurrency market, with altcoins doing well and Bitcoin stabilizing above $96,000. Ethereum might get the support it needs from this market-wide momentum to soon aim for the $3,800 region. Nonetheless, there are still concerns about trading volume