In a post on the X platform on 25 December, cryptocurrency analyst Satoshi Flipper said that the ethereum price could be poised for more upward momentum once it flips from the psychological $3,500 mark to resistance.
He noted that ETH prices are now trying to turn the $3,500 level from resistance to support, breaking through as expected, with psychological figures like $3,500 attracting more attention from retail investors, but investor sentiment could take a hit if ETH fails to break through this mark.