Ethereum Breaks Macro Support, Analysts Eye Breakout Toward New Record Levels

Ethereum’s price is currently hovering near its key macro support at $4,000, signaling a potential breakout towards fresh all-time highs. Institutional investors are accumulating heavily as institutions like Bitmine spent billions to buy Ethereum, driving bullish market expectations. 4,000 acts as strong support for future growth and the technical chart analysis suggests a possible breakout toward new records above $5,500. Ethereum’s long-term macro trendline acts as a solid structural support for a potential sustained upward movement in the near term.