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