Ethereum's weekly chart has seen consecutive gains, breaking through all moving averages and forming a bullish pattern, effectively releasing most of the trapped positions from the previous bull market.
Now, there are less than 300 points remaining to reach the historical high, which is just a 6% difference, clearly heading towards a new high. Next, ETH is sure to break through 4900 USD and set a new record. Those holding spot can continue to hold.
