Only a couple of weeks ago, Ethereum was banging against its long-term broken trendline, and I pointed out what an important point of resistance this was. It reached escape velocity on July 15th, however, and it hasn’t looked back since.
$ETH has roared higher after that break, and now it is approaching an even more important level of resistance, which is at about $4100, a level reached back in March and December of 2024. This may be a key point of exhaustion for this #2 crypto coin.
