Ethereum Approaches Historic Breakthrough Amid Strong Momentum for Alternative Currencies

Ethereum has broken the $4200 barrier and is hovering near historical resistance levels, reinforcing expectations of a near test of its previous peak at $4900.

Supporting factors for the rise:

• Bitcoin's dominance has declined to 60-61%, giving alternative currencies — especially Ethereum — room to excel.

• Converting resistance of $3900-$4100 into support, which is a strong technical foundation for a new surge.

• Momentum in the alternative currency market and increased trading volumes, especially from Asian markets.

• Increasing institutional interest and broader adoption of Layer 2 solutions as Ethereum continues to dominate DeFi and NFTs.

Despite the possibility of a short-term pullback due to overbought signals on the RSI indicator, the overall trend remains upward, and reaching $5000 may be a matter of days, not weeks, if the current momentum continues.