How is Ethereum (ETH) Faring?

Ethereum has recently broken a longstanding resistance level of $2,751. This breakout has propelled ETH towards a new target of $4,050, thereby fostering renewed optimism among investors about reaching new heights. The rally is backed by consistent support at $3,737, suggesting that the upward trend could sustain.

The ETHBTC pair represents another compelling dimension for Ethereum’s advance. This cryptocurrency pair’s movement towards the 0.33 level has fueled speculation about an impending climb. If the existing resistance converts into support, experts foresee potential rallying to a 0.05BTC peak, hinting at new all-time highs near $5,900.