Ethereum's Macro Breakout Paves the Way for Possible Higher Levels

Ethereum's Record Close: Ethereum has achieved its highest two-month close ever, indicating a structural breakout from a multi-year consolidation phase, supported by increased trading activity and improved macro signals.

Bullish Technical Indicators: The RSI has broken a long-term downtrend, and the MACD has formed a bullish cross, suggesting the potential for a macro cycle expansion and a new upward phase despite short-term volatility.

Support Levels and Market Activity: The previous resistance range of $3,800 to $4,000 has become a support base, with Ethereum currently trading around $4,393.71, reflecting stable liquidity and increased market activity.

Future Outlook: If support levels around $4,000 hold, Ethereum could target higher ranges of $5,000 to $6,000, although short-term volatility may lead to fluctuations of $500-$800 as the market reacts to these developments.