Ethereum Price Surges to 10-Month High of $3,500, Breaking Key Resistance

Ethereum (ETH) price surged above $3,500 on February 29, reaching its highest level since March 2022
The price increase allowed ETH to break out of a long-term ascending channel and range between $1,400 - $4,000
Analysts predict ETH could continue rising to $4,000 or even $5,500 based on technical analysis and investor sentiment
A potential top for this rally is around $3,640 based on Elliott Wave theory, though indicators remain bullish
If ETH breaks $3,640, it could climb 35% more to $4,550; failing to break out could trigger a 13% drop to $3,000 support