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As of mid-January, Ethereum is hovering around $3366. Many are asking: will it rise to $3500 next, or will it pull back? Honestly, reaching $3500 in the short term is highly probable— but with one condition: **trading volume must keep up**.
**How to View the Price Levels**
From a technical perspective, the immediate resistance levels are these three: $3375, $3440, $3500. It sounds many, but the logic is clear— it’s about tackling them one by one. $3375 is the first hurdle; only if it stabilizes with sufficient trading volume can it push towards $3440, and then break through $3500. If volume isn’t enough, no matter how much you try, it’s futile.
**Why Are We Bullish**
ETF inflows have been consistently net positive, providing tangible support. Staking and lock-up mechanisms tighten circulating supply, reducing actual liquidity. Layer 2 solutions remain hot, macro liquidity is still relatively loose, and regulatory attitudes have eased compared to before. These factors stack up, with no negative signals in the fundamentals.
**Where Are the Risks**
But don’t get too optimistic. A close below $3280 on the daily chart indicates weakening upward momentum; if it effectively drops below $3100, the short-term target of $3500 can be abandoned. Risk management is crucial.
**How to Operate**
Look at a time window of one to two weeks. If daily trading volume increases by more than 20% and breaks through $3440, $3500 is coming soon; otherwise, it’s likely to oscillate between $3250 and $3400. It’s recommended to build positions gradually, buying on dips around $3300, with a stop-loss at $3190. Consider adding positions only after breaking through $3440. Going all-in is not advised; that’s the principle.