Technical analysis shows that the trading price of Ethereum is above its 100-day and 200-day exponential moving averages, indicating a sustained bullish trend. The Relative Strength Index (RSI) has improved, suggesting that buying pressure is increasing. Trading volume surged to $32.95 billion, reinforcing the current upward momentum. Taken together, these factors suggest a high likelihood of Ethereum breaking through the $4000 resistance level.

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