November 13: Ethereum Price Targets $3,550, Bullish Momentum Strong and Potential for Further Upside

The recent rise in Ethereum prices has focused attention on the $3,550 mark, which is a key resistance level. Breaking through this threshold is crucial to sustain Ethereum's upward trajectory. If Ethereum continues to rise above $3,550, it will validate the targeted reversal pattern and may open the door for Ethereum to approach the psychological barrier of $4,000.

Technical indicators can provide insight into its potential strength. The on-balance volume (OBV) has surged to its highest level in more than three months, indicating strong buying interest. In addition, the relative strength index (RSI) is currently at 79.5, indicating strong bullish momentum, although there is a risk of overheating. A careful watch may be needed in the coming days, as the previous highs set by ETH prices in June and July have encountered significant resistance.

The momentum of the recent rebound suggests that Ethereum is expected to rise further. Liquidation heat map analysis shows that the liquidity band clearly extends to the $4,000 mark. This suggests that sellers may find it difficult to outperform buyers in the short term, increasing the possibility of price increases.

Investor sentiment remains very positive as Ethereum continues to attract interest from both retail and institutional investors. The psychological impact of hitting key price levels cannot be ignored, and many traders are now cautiously optimistic, preparing for possible volatility when Ethereum stalls and consolidates its gains. The upcoming trading session is expected to reveal important dynamics as traders look for opportunities along the way.

Whether Ethereum can break through the key resistance level of $3,550 will be crucial to maintaining its bullish momentum. Ethereum has the potential to reach $4,000, and current market conditions suggest that Ethereum is likely to rise further on the back of strong liquidity and investor interest. As traders remain vigilant, watching for changes in market dynamics may provide valuable opportunities in the evolving cryptocurrency landscape.

If Ethereum goes down first and then up in the evening, then don't place the short order we issued at noon

Place a long order at 3080: Cover position at 3040: Risk control 43 points: Target 100-150 points Use trigger stop loss to reduce positions midway

Pay attention to the impact of the CPI data release at 8:30 this evening $ETH