Ethereum (ETH) has broken a crucial resistance level and is gaining attention from investors and traders. Technical analysis suggests a bullish sentiment, with the altcoin breaking out of a consolidation zone. If ETH sustains above $3,580, it could rally by 14% to reach $4,000 and potentially climb higher. On-chain metrics also support ETH's bullish outlook, with record trader participation and open interest reaching a new high of $23.56 billion. ETH's price has surged over 10% in the past 24 hours, but trading volume has decreased.



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