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Just noticed ETH has been on quite a run lately. It's sitting at levels we haven't seen in years, and the technical setup looks interesting from a breakout perspective. The resistance zone around $4,288 has been key - if we see a clean break above that, could spark some serious momentum.
What caught my attention though is the on-chain picture. Spot demand is holding up well, and whale wallets aren't dumping their bags. The market structure has been tightening with consistent higher lows since the 2022 bottom. RSI is in bullish territory and volume is supporting the move, which usually means there's real conviction behind the buying.
Also worth noting - Vitalik Buterin's net worth has surged back over $1 billion as ETH has climbed. He's holding around 240k ETH plus other tokens, so his wealth is pretty much a proxy for how strong this cycle is getting. When the co-founder's net worth is rising this fast, it usually signals something meaningful is happening under the hood.
If we can hold above that $4,288 level, the path toward $5K opens up. It's not guaranteed, but the technical and on-chain signals are aligned right now. Vitalik Buterin's portfolio performance mirrors what we're seeing in the broader market - strong accumulation, no major capitulation. That's the kind of setup worth paying attention to.