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Ethereum (ETH) is testing a key resistance level, with analysts suggesting a potential breakout could lead to new highs this quarter. The surge follows news of a possible executive order allowing crypto investments in 401(k) plans. ETH’s recent performance hints at a bullish trend, with historical patterns reinforcing optimism.
- ETH retested $3,850 amid a 6.3% daily surge, driven by rumors of a pro-crypto executive order affecting 401(k) plans.
- Analysts compare ETH’s current setup to its May-June breakout, suggesting a repeat could push prices above $4,000.
- Ethereum Dominance (ETHDOM) surpassed 12%, a level last seen in 2020, hinting at a potential consolidation phase before another rally.
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