After a struggle, Ethereum ($ETH )
has managed to break the important resistance level of $2,800, supported by strong buyers. It is currently trading above $3,280, its highest price since last February. This puts it about 10% away from breaking a four-year price barrier and away from its all-time high of $4,891, set in 2021.
**Bullish Outlook:**
With a bullish technical pattern forming and trading volume increasing to over $40 billion, Ethereum is expected to surpass $3,500 before the end of this week and may reclaim $4,000 sooner than expected.
**Outperformance:**
This breakout indicates strong performance for Ethereum, outperforming the overall market, based on key indicators.