Ether (Eth) Pushed into unprotected territory Sunday and cleared $ 4,900 at Coinbase at. 17:40 UTC and surpassed its prior record of $ 4,867 set on November 8, 2021.
The five-year-old ET-USD price diagram from TradingView shows a clean, multi-year breakout: ETH has finally vaulted 2021 high after a long consolidation, which leaves no historical overhead levels to lean on.
This is what dealers call price discovery – the market prints new heights with only psychology and order streams to guide it rather than prior short resistance.
The 5-day view fills the tape action. After a quick run from the mid -$ 4,700s, ETH pushed through $ 4,900 and reached an intraday high around $ 4,946.90. At the time of the map Snapshot – 18:48 UTC – was the last price around $ 4,941.57. This sequence signalizes buyers absorbed the supply near the old ceiling and then forced a fresh high, a classic breakout pattern.
Analyst Miles Deutsher summarized the leadership change as “BTC is exhausted, eth is not.” In ordinary English he marks relative momentum: Bitcoin’s events have stopped near the recent heights, while ether just broke into the price discovery.
When a market says an asset is “exhausted”, it usually means that upside -down trials fade, follow -up is weak, and sellers continue to meet pushing higher; “Is not” means the opposite-stronger follow-up, fresh heights and active dip purchases. Dealers often rotate against the asset that shows higher relative strength when the other leadership tires.
Crypto Rover focused on supply on stock exchanges. “Exchange reserves” refer to coins held in wallets controlled by centralized trading sites.
When these balances trend down, fewer coins are immediately available to sell. If demand increases when floating supply is thinned, the price can accelerate because buyers need to bid higher to coax coins that are not interchangeable back into circulation. It is the mechanic behind his “supply shock” -Frasering -not a guarantee of straight prices, but a setup where scarcity can enlarge movements when momentum starts.
Michaël van de Poppe offered a risk control. He highlighted the unusually large weekly candle and warned that weekend outbreak when liquidity is normalized early in the week.
The idea is simple: Weekend order books can be thinner, so movements extend easier; When Fuller participation returns on Monday, the prices sometimes repeat the Breakout area to confirm it as support before they trend again. In practice, this means that a withdrawal to the breakout zone will not in itself negate the larger bullish break you look at the 5-year chart.
