Ethereum Breaks Out Near $4,200 Support as Bullish Divergence Points to Potential Upside

Ethereum is displaying a bullish signal as it continues to hold above the crucial support level of $4,200. This breakout comes amidst divergent technical signals that point towards potential upside momentum. Analysts attribute this surge to growing DeFi applications and increased institutional investments. A key target for bullish traders lies around the $4,800 resistance zone.