Ethereum rally: Will $3.5K support trigger a recovery for ETH?  – BitRss

• ETH has stabilized at $3.5K despite an aggressive $400M sell-off. 
• Here’s why $3.7K and $3.8K could be reachable in the short term. 

Ethereum’s [ETH] recent sell-off hit levels last seen in 2021 peak, but the altcoin firmly held above $3.5K. 

According to CryptoQuant, the ETH monthly average sell-off hit $400 million in negative net taker volume, rivaling the selling pressure experienced when the altcoin peaked at $4.8K last cycle.