Ethereum's price could rise by 38% to $3,500, according to crypto analyst Crypto Bullet, who highlights a potential breakout above the 50EMA as a key catalyst. Ethereum has recently surpassed the $2,500 resistance, indicating a bullish trend, and is currently trading at around $2,670, up 7% in the last 24 hours. Another analyst, Trader Tardigrade, noted that Ethereum's daily candle closed above the $2,650 resistance, suggesting the start of a new bull run. If Ethereum breaks above the 200-day moving average, it could reach $3,300 and potentially $4,000.