Ethereum (ETH) price has once again set a new historical record, breaking through the previous high point set in December 2024. In this round of strong pump, the ETH price broke through the $4100 mark in one go, quickly climbing to $4200, successfully surpassing the important resistance level that had been unable to overcome three times on the weekly chart.

This breakthrough shows that market confidence in Ethereum is increasing. If the weekly close can stabilize above $4080, it will provide a potential entry opportunity for bulls. Analysts generally believe that the next target price for ETH may fall within the range of $4500 to $4800.

This price breakout not only reflects the ongoing development of the Ethereum network and the expansion of its application scenarios, but also embodies the positive sentiment of the entire cryptocurrency market. Investors are closely watching whether this breakout can be sustained and the potential ripple effects it may have on the entire cryptocurrency ecosystem.

However, market participants should also remain cautious, as the cryptocurrency market has always been highly volatile. While celebrating new highs, one should also be aware of the potential risks of a pullback.