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**🚀 #ETHBreakout3.5K: Ethereum Surges Past $3,500 – What’s Driving the Rally?**
**Ethereum (ETH)** has shattered the **$3,500** resistance level, marking its highest price since April 2024. Here’s why ETH is breaking out—and what could come next.
### **🔥 Key Drivers of the Rally** ✅ **ETF Speculation** – Growing optimism over **spot Ethereum ETF approvals** in the US ✅ **DeFi Revival** – TVL surges past **$60B** as yield farming gains momentum ✅ **Institutional Demand** – Grayscale’s **ETHE discount narrows** to -5% (lowest since 2022)
### **💡 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
### **⚠️ Risks to Consider** - **Pullback Likely** – RSI at **72 (overbought)** - **Macro Uncertainty** – Fed rate decisions could impact momentum
**📌 Follow #ETHBreakout3.5K for real-time updates!**