Ethereum has soared to a multi-year high, touching the $4,330 level — its highest price since November 2021. This milestone not only reinforces ETH’s dominant position in the crypto market but also marks the return of co-founder Vitalik Buterin to billionaire status, with his publicly known wallets now valued above the billion-dollar mark.
Since April, Ethereum has delivered a staggering gain of over 200%, outpacing most major cryptocurrencies and reigniting bullish sentiment across the market. Analysts attribute the rally to strong fundamentals, including increasing adoption in decentralized finance (DeFi), the rapid growth of layer-2 scaling solutions, and rising institutional interest.
Many market watchers believe Ethereum is setting up for further gains, potentially challenging its all-time highs in the months ahead. As the ecosystem continues to expand and regulatory clarity improves, ETH appears poised to remain at the center of the next major wave in crypto growth.
The surge in ETH’s price comes after a series of volatile moves earlier this year that left some questioning the sustainability of the rally. However, the latest breakout above $4,300 suggests strong underlying momentum. Institutional adoption is playing a crucial role, with public companies like Sharplink Gaming adding Ethereum to their balance sheets as part of their treasury strategy. This marks a notable shift in corporate crypto allocation trends, where ETH is increasingly seen not just as a speculative asset but as a core long-term holding.
With on-chain data pointing to robust network activity, the supply-demand dynamics appear favorable for continued gains. As institutions, public companies, and long-term holders continue to accumulate, Ethereum’s bullish narrative remains intact — and Buterin’s billion-dollar stake is now riding the wave.
Ethereum (ETH) has surged to $4,242, marking its highest level since November 2021 and confirming a major breakout on the weekly chart. The rally, driven by strong bullish momentum, saw ETH climb over 21% in the past week, decisively breaking through the $3,860 resistance level that had capped price advances earlier in the year.
The breakout is supported by rising volume, signaling robust buying interest. ETH is now trading well above its 50-, 100-, and 200-week moving averages, which are all sloping upward — a classic sign of a strong uptrend. This alignment suggests that the medium- to long-term trend remains firmly bullish.
If momentum continues, the next significant target lies near the $4,800–$4,900 range, aligning with the previous all-time highs. However, after such a steep move, short-term consolidation is possible, with $3,860 now acting as a key support level. A deeper pullback could retest $2,852, but this scenario would likely require a broader market correction.
Featured image from Dall-E, chart from TradingView
