Ethereum Breaks $4,000 Barrier as Scaling Race Heats Up

Ethereum (ETH) has soared past the $4,000 mark for the first time this year, shattering previous highs and signifying a bullish market resurgence. The surge is fueled by strong institutional buying and growing on-chain activity, indicating that the coming bull run could gain even more momentum. This breakout comes after ETH crossed resistance at $3,950 and $4,000 levels, monitored closely by traders. Analysts predict the next major test will be between $4,100 to $4,116, with many anticipating a potential push towards $5,000 later in 2025 if ETH holds above that range.