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Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound -Breaking

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Ether, Ethereum’s native coin (ETHAs it has reclaimed its historic high support level from Feb. 5, ), looks set to surpass $3,500 over the coming sessions.

ETH prices rose higher than its 50-week exponential moving mean (50-week EMA, the red wave is in the chart below). This means they also climbed over $3,000 which may be a psychological support level for Ether’s next step up.

Price chart for the week. Source: TradingView
Weekly chart of the ETH/USD exchange rate. TradingView
Weekly price chart: ETH/USD. TradingView
U.S. nonfarm payroll data. Source: Bureau of Labor Statistics. Bloomberg
The performance of cryptocurrency investment vehicles as of Jan. 2022 Source: CryptoCompare, FT
Weekly price chart for ETH/USD with Fib levels. TradingView