Ethereum’s Price Action Booms as $2,800 Serves as Crucial Breakout Point

Ethereum is experiencing a powerful rally, with the asset inching closer to its all-time high of over $4,500. Analysts attribute this significant surge to a combination of factors, including the booming DeFi ecosystem and increased institutional investments. Ethereum’s price action suggests a breakout is imminent, potentially exceeding $4,000 in the coming days.