Recently, the price of Ethereum (ETH) has once again touched the key level of $3,500, attracting widespread attention in the market. This price point is seen as an important watershed for the current ETH trend.

Analysis indicates that if ETH can firmly stand above $3,500, it is expected to continue its upward momentum. However, if the closing price falls below this key support level, ETH may retreat to the range of $3,000 to $2,850 for consolidation.

Regarding the future development prospects of Ethereum, market analysts have proposed two different predictive paths. One viewpoint suggests that if ETH can return to its previous historical high of $4,868, it is expected to directly target a price level of $6,800. Another perspective anticipates that ETH may need to undergo a "reaccumulation" process, and once this phase is completed, its potential target price could even reach $8,000.

Overall, the current trend of Ethereum hinges on whether it can hold the important level of $3,500. If it successfully breaks through and stabilizes at $4,868, then the target price range of $6,800 to $8,000 will no longer be out of reach. Conversely, if it falls below the support level of $3,500, investors should be wary of a potential pullback and consolidation.

The volatility of the current cryptocurrency market remains high, and investors need to remain cautious when making decisions, taking into account various factors and always following market trends.