Ethereum has experienced a significant surge, trading at $4,600 after an impressive 8% jump. This rally comes amidst a positive recovery in the crypto market, with the overall capitalization reaching $4.06 trillion. The upward momentum is fueled by increased DeFi activity and growing institutional interest. Notably, Ethereum’s price has reached highs of around $4,678, breaking through resistance levels between $4,262 and $4,674. Analysts predict that sustained bullish sentiment could push the price beyond $5,000. 8.39% in the last 24 hours. The asset has seen over $286 million worth of ETH liquidated. Trading volume has surged, reaching around $63.54 billion, according to Coinglass data. The bullish trends are evident on the four-hour price chart, with potential for a challenge at the resistance level of $4,644. A sustained positive correction could further strengthen the golden cross pattern.