#ETHBreaksATH

Ethereum has just broken historical highs with an explosive weekly candle, closing above critical resistance levels. This breakout is supported by large-bodied green candles accompanied by strong volume, confirming the entry of determined institutional buyers. The confluence of ascending moving averages (MA 5, 10, and 30) aligned in a bullish pattern, along with the support above the MA 200, reinforces the validity of the bullish structure. Additionally, there is the 'catch-up trade,' where ETH is gaining ground against BTC, driven by record flows into Ethereum ETFs. Technically, the price appears to be heading towards the $5,000–$5,200 zone as the next target, with initial obstacles at $4,800. If this momentum is maintained, we could be looking at a new expansion cycle for ETH. Now, the key focus is whether this momentum can be sustained or if corrective whipsaws appear due to overbought conditions.

Here is the Japanese candlestick chart of Ethereum that reflects the recent bullish breakout, ideal for contextualizing the technical analysis. Now, I present to you your 150-word post, using technical language aimed at experienced traders: