Ethereum (ETH) has just broken a key psychological barrier: $4,500.

It's the first time it has reached this level in several years, and the market is already starting to speculate on what might come next.



📈 What is the 'price discovery phase'?


When an asset breaks its previous all-time high, it enters a territory where there are no previous technical resistances.

In that scenario, the price moves driven by:




  • Pure supply and demand.




  • Market sentiment.




  • Fresh capital inflow.





🔥 Factors pushing ETH




  • Record flows into Ethereum ETFs, marking growing institutional interest.




  • Growing activity in DeFi and NFTs on the network.




  • Corporate adoption with giants like PayPal, Google Cloud, and Fidelity integrating Ethereum-based solutions.




  • Liquid supply at historic lows on exchanges, creating upward pressure.





🌍 Possible scenario


If Ethereum strongly breaks its previous all-time high and confirms the start of the price discovery phase, $5,000 could be just the first target before a new bullish leg.



📍 Conclusion: Ethereum is not just alive, it is in full expansion, and this milestone of $4,500 could be the prelude to one of the most explosive moments in its history.



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