Ethereum Breaks New Ground at $4,000 Level

Ethereum prices closed October 28th above the crucial $4,000 level, maintaining its position as a major altcoin leader. Trading volume surged by 35% compared to the average, indicating heightened market activity. Technical indicators suggest buyer defense around $4,000, marked by a double bottom formation. This coincides with BitMine’s recent acquisition of significant Ethereum holdings and increased institutional interest in the cryptocurrency.