Analyst: ETH is turning $3500 from a resistance level to a support level, and if successful, it is expected to see an upward momentum

ChainCatcher news, cryptocurrency analyst Satoshi Flipper posted on the X platform that once the price of Ethereum breaks through the psychological barrier of $3,500, there is potential for more upward momentum.

He pointed out that the ETH price is currently trying to turn the $3,500 level from a resistance level to a support level. As expected, breaking through such a psychological number like $3,500 attracts more attention from retail investors, but if ETH cannot break through this barrier, investor sentiment may be negatively impacted.