🚨BREAKING NEWS 🚨

Ethereum just hit a high of $4.2K before pulling back to around $4.1K. Analysts are warning that buying at these highs carries increased risks. According to Michaell van de Poppe, a popular crypto trader and analyst, Ethereum's current price isn't that favorable for an entry point since it's forming a breakout and heading towards new all-time highs.

Key Points to Consider

- *Ethereum's Price Movement*: ETH briefly swept the $4,200 level before retreating.

- *Analyst Caution*: Some analysts caution against buying at high levels due to increased risks.

- *Bullish Momentum*: Ethereum's Relative Strength Index (RSI) sits at 72, indicating buyer-dominant conditions.

- *Potential Pullback*: The market might be in for a pullback soon despite pointing to more upside.

What's Next for Ethereum?

With Ethereum less than 15% away from a new all-time high, traders are divided on whether ETH will jump higher immediately or stagnate before another leg up. If the bullish structure holds and buying pressure remains, Ethereum could charge into unknown territory .

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