Ethereum ($ETH) has officially climbed to a new high of $4,678, coming within striking distance of its previous record of $4,891 set on November 16, 2021. The recent rally marks another milestone for the second-largest cryptocurrency, as bullish momentum continues to dominate the market.
The 4-hour ETH/USD chart shows a steep upward trajectory since early August, with price action surging past multiple resistance levels. Key highlights include:
With this momentum, ETH could attempt a push beyond $4,800 in the near term, setting the stage for fresh price discovery above the $5K mark.
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