Ethereum Price Breaks Yearly High, Expected to Reach New All-Time High Soon

March 7 information:Great benefits, brothers can start now. Did you get a wave of bonuses? !After a period of high buying activity and increasing bullish momentum, Ethereum managed to reclaim a key resistance area, the previous yearly high of $3,600, CryptoPotato reports. If this breakout is confirmed, Ethereum is expected to reach a new all-time high price in the near future. Technical analyst Shayan’s weekly chart in-depth analysis shows that there is significant bullish sentiment surrounding Ethereum, evidenced by a sharp move above key resistance at $3,600. This price action reflects the strong interest in ETH among market participants, leading to increased demand. If there is a successful retest of the broken levels, the price of Ethereum is expected to continue rising, targeting the key all-time high of $4,868. Despite the bullish outlook, Ethereum may encounter important support near the $3,600 threshold, with additional support levels within the Fibonacci levels of 0.5 ($3,066) and 0.618 ($2,870) that could serve as a catalyst for corrective volatility. area.

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