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**๐ #ETHBreakout3.5K: Ethereum Surges Past $3,500 โ Whatโs Driving the Rally?**
**Ethereum (ETH)** has shattered the **$3,500** resistance level, marking its highest price since April 2024. Hereโs why ETH is breaking outโand what could come next.
### **๐ฅ Key Drivers of the Rally** โ **ETF Speculation** โ Growing optimism over **spot Ethereum ETF approvals** in the US โ **DeFi Revival** โ TVL surges past **$60B** as yield farming gains momentum โ **Institutional Demand** โ Grayscaleโs **ETHE discount narrows** to -5% (lowest since 2022)
### **๐ก How to Trade the Breakout** - **Spot Buyers:** DCA in near **$3,450-$3,500** - **Futures Traders:** Watch for a **retest of $3,400** before entry - **Long-Term Holders:** Stake ETH for **5-7% APY** on Binance
### **โ ๏ธ Risks to Consider** - **Pullback Likely** โ RSI at **72 (overbought)** - **Macro Uncertainty** โ Fed rate decisions could impact momentum
**๐ Follow #ETHBreakout3.5K for real-time updates!**
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