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🔥ETH Moves Closer to All-Time High Level – Signaling Altcoin Season⁉️
Ethereum’s weekly chart shows the price continuing to soar toward the $4,866 resistance zone, a key level last tested during its previous all-time high run in 2021. The recent price surge has been supported by steadily rising volume, especially after revisiting the area of the 2018 high.
Technical indicators clearly show upward momentum as ETH nears its all-time high. With the Volume and EMA below the candle structure which suggest sustained dynamic support as long as the price stays above it.
What's next⁉️
If bulls can break above the $4,866 resistance with strong volume, Ethereum could enter the price discovery toward a new all-time high, potentially sparking Altcoin Season. However, if the price fails to clear this level, a pullback could occur, possibly finding short-term support at $4,000- 4,500 range, where previous resistance has now flipped to support.
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