Ethereum Breaks Record, Faces Key Resistance Amidst Rising Government Holdings

Ethereum experienced a remarkable quarter, surging over 70%, reaching its highest point since early 2021. This surge was fueled by strong DeFi growth and increasing institutional interest. However, the price now faces resistance near $4,500, while US government holdings continue to rise. The article delves into these factors driving Ethereum’s recent performance and what might lie ahead for the token.