- ETH rallies 261% since trend breakout
- Price moves above $4,400 resistance
- Target of $4,811.71 now in sight
Ethereum has continued its impressive upward momentum, breaking past the $4,400 resistance level. This move comes after a remarkable rally of around 261% since it broke out of a major resisting trend earlier this year.
With this surge, ETH is now less than 10% away from hitting its next target of $4,811.71 — a price level that has been closely watched by traders. The bullish momentum shows strong market confidence, with buying pressure driving Ethereum closer to its goal.
Why $4,811.71 Matters for ETH
The $4,811.71 level is a significant technical target, representing a key point where traders may expect profit-taking or a potential pause in the rally. Reaching this price would mark one of Ethereum’s strongest performances in recent history and could set the stage for further gains if bullish sentiment continues.
Historically, levels like this have acted as important psychological milestones in crypto markets. If Ethereum breaks above it, the path to new all-time highs could open up.
Market Outlook and Next Moves
The crypto market ’s broader strength is also helping Ethereum’s advance. Bitcoin ’s recent rallies have boosted overall sentiment, while Ethereum’s network upgrades and growing DeFi activity have provided additional support.
Traders will be watching closely for signs of either a breakout above $4,811.71 or a short-term pullback as the market digests recent gains. For now, Ethereum remains in a strong position, and the coming days could be decisive for its price trajectory.
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