ETH Skyrockets 8% Daily Above $3.4K, Bulls Eye This Level Next (Ethereum Price Analysis)

Ethereum's price has increased by 8%, surpassing $3,400, signaling strong buyer activity. The next target for buyers is the $3,500 to $3,700 range. Successfully breaking through the $3,200-$3,400 resistance could lead to further price increases toward $3,700 and potentially $4,100. If Ethereum can't break above $3,500, it might fluctuate between $3,000 and $3,500 in the short term. Data suggests a potential pull toward $4,000 due to a significant liquidation cluster, which could potentially set the stage for a new all-time high.