Ethereum (ETH) rose to $3,500 after correcting and consolidating around this key level. This achievement is especially noteworthy amid market volatility, highlighting Ethereum's resilience compared to other cryptocurrencies.

The cryptocurrency showed stability at $3,500, a testament to investor confidence bolstered by Ethereum's ability to hold above critical support levels, including the 50-day and 100-day moving averages on the daily charts. This consolidation provides a strong foundation for potential further growth, supported by strong buyer interest.

Market analysts and investors are keeping a close eye on Ethereum's price action, especially its ability to break through the $3,500 resistance. Continued upward momentum could signal a bullish trend, potentially attracting more capital into the market.

Looking ahead, forecasts from platforms like CoinCodex predict that Ethereum could reach $3,614.34 by July 22, 2024. Despite current technical indicators suggesting bearish sentiment and a neutral Fear and Greed Index at 53, Ethereum's stability and potential breakout above resistance levels could change market sentiment in the coming weeks.

In the dynamic cryptocurrency landscape, Ethereum's strength at $3,500 represents an important fact. Its ability to remain stable in the face of market volatility underscores its position as a key player in the crypto ecosystem, influencing broader market dynamics and investor sentiment going forward.