Ethereum Breaks Out: Adam and Eve Pattern Fuels New All-Time High

Ethereum has surged past the $4,500 mark, marking a significant milestone with analysts attributing this rise to expanding DeFi applications and increased institutional investment. The breakout follows a recognizable pattern – a clear reversal after forming a defined Adam and Eve bottom, successfully breaking resistance at $1,705. 1 This surge is also bolstered by the Wyckoff Accumulation model, which suggests an upward momentum shift towards new highs.