Viewpoint: ETH is turning $3,500 from a resistance level into support; if successful, it could gain upward momentum.

TechFlow reports that on December 25, cryptocurrency analyst Satoshi Flipper posted on X, stating that once Ethereum's price turns the psychological level of $3,500 from resistance into support, it could gain further upward momentum.

He noted that ETH is now attempting to turn the $3,500 level from resistance into support. As expected, the breakthrough of such a psychological number as $3,500 attracts greater attention from retail investors. However, if ETH fails to break through this level, investor sentiment could be negatively impacted.