Ethereum (ETH) Price Gives A Strong Breakout Above $2,200, Next Target $3,500

Ethereum (ETH) Price Gives A Strong Breakout Above $2,200, Next Target $3,500

The world’s second-largest cryptocurrency Ethereum (ETH) joins the Bitcoin market rally past $40,000. At press time, ETH is trading 2.54% up at a price of $2,212 with a market cap of $266 billion. With this move, ETH has also extended its weekly gains to more than 9%.
Ethereum Mega Rally to $3,500?
Reports suggest that Ethereum’s mega price rally shall continue going ahead amid its recent breakout past $2,200.
Renowned crypto analyst Ali Martinez suggests that the current Ethereum (ETH) price surpassing $2,000 presents a potentially favorable buying opportunity. Martinez points to data provided by IntoTheBlock, indicating that a substantial volume of tokens, specifically 43.8 million ETH, were acquired in the range of $1,900 to $2,100 by 5.85 million wallets.
Courtesy: Ali Charts
This data leads Martinez to propose that this particular price range may evolve into a significant support level for Ethereum in the years to come. Hence, Martinez asserts that it may not be too late for i

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