Ethereum continues to follow its pre-established roadmap, surpassing key price levels. Analysts are confident that the current dynamics point towards a transition into an expansion phase.
Breaking Key Levels
Ethereum has successfully broken past **$4,000** and quickly moved above **$4,800**. Analysts suggest that this marks the end of the accumulation phase and indicates entry into a new **bullish expansion phase**.
Drivers of Ethereum's Growth
Technical analysis shows clear structural strength, with each resistance level being overcome orderly. Increased DeFi activity and accumulation by institutional investors also contribute to the current rise. "Structure is screaming continuation" is a sentiment echoed by seasoned traders.
Recommendations for Traders
Analysts caution that missing this setup could result in traders needing to chase Ethereum above **$6,000**, facing higher risks and reduced entry value. Currently, Ethereum presents a high-probability setup for traders watching key resistance levels turn into support.
With the current bullish momentum and the roadmap executing flawlessly, Ethereum is likely at the early stages of a significant expansion cycle.
