Ethereum Approaching Historic $5,000 Milestone
Ethereum ($ETH ) is exhibiting strong bullish momentum, currently trading near $4,715, reflecting a 6.78% increase over the past 24 hours. The asset is approaching its previous all-time high zone, with immediate resistance at $5,004 and a major psychological level at $5,117. A sustained breakout above these thresholds could propel ETH into price discovery, potentially establishing a new all-time high at $5,000 or beyond.
Key technical support rests at $4,062, a pivotal breakout level that has reinforced bullish sentiment. Additional downside support can be observed at $3,008. Historical performance underscores the strength of the current trend, with gains of over 82% in the past 90 days and more than 83% year-on-year.
Strong trading volume, heightened investor interest, and favorable macro conditions continue to underpin Ethereum’s upward trajectory. Market participants are closely monitoring resistance levels, as a decisive breach could signal the beginning of a new bullish phase for the world’s second-largest cryptocurrency by market capitalization.