Ethereum (ETH), the second-largest cryptocurrency, has reached a significant milestone by touching $4,000, marking a two-year high and closing the gap towards its all-time high (ATH).
As Bitcoin (BTC) also reached a new all-time high of $70,100, the cryptocurrency market is witnessing an explosive bull run. Technical analysis suggests that Ethereum is poised to overcome key resistance levels, positioning it closer to its previous all-time high of $4,878.
Ethereum Daily Chart Indicates Clear Path To $4,400
While Ethereum has not yet reached its previous all-time high, achieving the $4,000 mark represents notable progress for the cryptocurrency. The current price level reflects a 19% difference from its ATH, signaling the potential for further price appreciation amid the ongoing bullish trend.
Technical analyst Rekt Capital highlights Ethereum’s strong price action, noting successful retests of the $3,500 support level. The cryptocurrency surged to $3,830 during this per
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