<ul><li>Ethereum is approaching a crucial resistance at the 200-day moving average of $2.7K, hinting at a potential bullish market sentiment shift.</li><li>A successful breakout above $2.7K could lead to a strong rally, targeting the $3.5K mark in the mid-term.</li><li>On the daily chart, Ethereum is on the verge of a breakout above the critical 200-day moving average, with possibilities of reaching $3K in the near term.</li><li>The Binance liquidation heatmap indicates a lack of substantial sell-side liquidity between the current price and $3.5K, supporting the potential for a continued rally.</li></ul>

Ethereum Price Analysis: ETH Challenges Key Resistance, Is $3.5K Next?

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