#Ethereum is pressing against its long-term resistance, now just 14% away from its all-time high of $4,891 set in November 2021. The second-largest cryptocurrency closed at $4,259, marking its highest daily close in three and a half years.
On-chain data shows Ethereum has surged nearly 7% in the past 24 hours, pushing its market cap to $519.48 billion, overtaking Mastercard and closing in on top corporate valuations. Technical charts reveal $ETH is approaching the $4,288 resistance level, a key breakout zone that could ignite momentum toward retesting the $5,000 region.
Adding to the bullish sentiment, Ethereum co-founder Vitalik Buterin has reclaimed billionaire status, with his portfolio now valued at over $1.02 billion. The holdings include 240,042 ETH worth $1 billion, along with other tokens such as KNC, WETH, and TRUE. Buterin’s rising net worth underscores the asset’s strength in this cycle.
Arkham
Market structure has tightened, with $ETH consistently printing higher lows since bottoming out in 2022. Spot demand remains strong, while whale wallets have maintained their positions without major sell-offs. On the technical side, the RSI remains in bullish territory, and volume trends support sustained buying interest.
If Ethereum breaks and holds above $4,288, the path toward $5,000 could open quickly. A successful breakout would not only mark a new chapter for $ETH ’s price history but also reinforce its dominance in both crypto and global asset rankings.
