11.08.2025 03:59

Ethereum's price recently exceeded $4,200, a significant milestone triggering speculation of a broader altcoin market rally. This surge follows a decisive breakout from long-term resistance levels, sparking excitement among traders.

The ETH/BTC trading pair decisively broke above a descending trendline that had constrained price appreciation since late 2023. This breakout occurred at approximately 0.0300 BTC, a level that now serves as a robust support zone. Subsequently, the pair climbed to around 0.03590 BTC, representing a remarkable increase exceeding 60% from the initial breakout point. This significant movement builds upon historical data indicating a strong support area between 0.0230 and 0.0300 BTC since 2018, as noted by sources like Mister Crypto on X.

This bullish momentum in the ETH/BTC pair has directly translated into Ethereum's USD value. On August 9th, the ETH/USDT pair surpassed $4,080, rapidly reaching $4,220 – a price point last observed in December 2021. This remarkable surge included a single-hour price jump of almost $140, with prices eventually settling near $4,174. Prior to this explosive move, Ethereum had been steadily gaining momentum, consistently establishing higher highs from the $3,800 range. Traders are now keenly observing the 0.0400 BTC mark in the ETH/BTC pair and $4,220 in the ETH/USD pair, levels historically associated with substantial Ethereum-led rallies. The potential for a significant altcoin rally remains a central topic of discussion within the cryptocurrency community.