highlights <\/a>Ethereum’s strong price action, noting successful retests of the $3,500 support level. The cryptocurrency surged to $3,830 during this period, reinforcing the conviction of a potential breakthrough. Rekt Capital suggests that Ethereum is steadily approaching the red-red macro resistance range between $4,200 and $4,600, which would position it just below its previous ATH.<\/p>\nConsolidating above the $4,000 mark presents an immediate challenge for Ethereum, as increased price volatility may hinder further upward movement. However, should this resistance be breached, the next hurdles are at $4,060 and $4,100.\u00a0<\/p>\n
<\/p>\n
Analysis of the ETH\/USD daily chart indicates a clear path towards the $4,400 zone. Following these levels, the cryptocurrency would face additional resistance at $4,528, $4,629, and $4,731 before potentially retesting its all-time high.<\/p>\n
Overall, the next direction for Ethereum\u2019s price remains uncertain as the possibility of a price correction looms. Such a correction could potentially threaten the gains made over the past year, which amount to an impressive 154%. However, given the long-term investment interest in the token, it remains well-positioned for near-term price gains.<\/p>\n
Featured image from Shutterstock, chart from TradingView.com <\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum (ETH), the second-largest cryptocurrency, has reached a significant milestone by touching $4,000, marking a two-year high and closing the gap towards its all-time high (ATH).\u00a0 As Bitcoin (BTC) also reached a new all-time high of $70,100, the cryptocurrency market is witnessing an explosive bull run. Technical analysis suggests that Ethereum is poised to overcome […]<\/p>\n","protected":false},"author":1,"featured_media":8440,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"BREAKING: Ethereum (ETH) Breaks Two-Year Price Record, Surging Above $4,000 - Bitrabo","description":"Ethereum (ETH), the second-largest cryptocurrency, has reached a significant milestone by touching $4,000, marking a two-year high and closing the gap towards i"},"footnotes":""},"categories":[316],"tags":[1044,1190,902,768,467,1384,2301,2300],"class_list":["post-8439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-breaking","tag-breaks","tag-eth","tag-ethereum","tag-price","tag-record","tag-surging","tag-twoyear"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/8439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=8439"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/8439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/8440"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=8439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=8439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=8439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}