Ethereum (ETH), the second most important cryptocurrency by market capitalization, is sending clear signals of strength. In recent hours, it has surpassed key resistance levels, dangerously approaching the coveted $4,000 threshold, a psychological and technical level that could mark a new bullish chapter for the asset.

X-ray of the Momentum

After finding strong support at $3,650, Ethereum rebounded strongly and managed to position itself again above $3,800, accompanied by healthy volume and a clear bullish inclination in its technical indicators:

Positive trend line and 100-hour SMA acting as dynamic support.

MACD in positive territory and RSI above 50, confirming momentum in favor of the bulls.

Immediate resistance: $3,920, followed by $3,950. If broken, the price could quickly project to $4,220 and even $4,500.

Why is Ethereum Rising?

1. Increased Institutional Interest

Funds like BlackRock and Fidelity are pushing for spot ETH ETF proposals, injecting legitimacy and confidence into institutional investors.

2. Favorable Regulatory Winds

Legislations like the GENIUS Act in the U.S. are providing a clear framework for stablecoins and DeFi, where Ethereum is the protagonist.

3. Altcoins Wake Up

While Bitcoin remains stable, Ethereum and other altcoins are gaining traction, suggesting a 'mini altseason' is underway.

4. Silent Accumulation

On-chain indicators show accumulation by short-term holders, along with a decreasing SOPR with rising prices, a classic market bottom signal.

What Could Go Wrong?

A failed breakout at $3,920 could trigger a drop towards $3,800 or even $3,680.

High levels of euphoria without consolidation can lead to abrupt pullbacks.

Bitcoin remains the macro barometer; if it loses strength, it can drag the entire crypto market down.

Conclusion

Ethereum is experiencing one of its strongest moments of the year. Not only for its price but also for the institutional, regulatory, and technical environment surrounding it. If it convincingly surpasses $4,000, it could head towards new annual highs.

Is this the prelude to a rush towards $5,000?

The market is attentive. The key is in the breakout... or in patience.

#ETH #Ethereum #CryptoIn401(k) #NOTCOİN #UsFedBTCReserved $ETH $BTC $XRP