Ether (Et) Pushed on uncharted territory week, cleaning $ 4,900 on Coinbase at 5:40 pm UTC and exceeded its previous $ 4,867 record set on November 8, 2021.
The five-year Eth-USD price chart from TradingView shows a clean, multi-year breakout: ETH has finally vaulted 2021 high after a long integration, with no excess of overhead levels in history.
This is what entrepreneurs call the price discovery – the market is promoting new highs with only psychology and order flow to guide it rather than previous chart resistance.
The 5-day view fills the action of the tape. After a speedy running from the mid $ 4,700s, ETH pushed $ 4,900 and reached an intraday high around $ 4,946.90. At the chart snapshot time – 6:48 pm UTC – the final price is about $ 4,941.57. That sequel indicates consumers absorbing the supply near the old ceiling and then forcing a fresh high, a classic breakout pattern.
Analyst Miles Deutsher summed up The leadership shift as “BTC is tired, ETH is not.” In simple English, he filed a KaMag -child Momentum: Bitcoin rallies were stuck near recent highs while Ether was only damaged by price discovery.
When a market says that a possession is “tired,” this usually means reversed attempts are fading, the follow-through is weak, and the sellers are constantly pushing higher; “No” means opposite-strong compliance, fresh highs, and active dip purchases. Traders often rotate toward the owner showing a higher relative -child when other leader’s leaders.
Crypto Rover Focused to supply to exchanges. “Exchange Reserves” refers to coins held in purses controlled by centralized trading areas.
When those balances decrease, fewer coins are immediately available to sell. If demand increases as liquid supply thins, the price can accelerate because consumers should bid higher to coax coins off-exchange back to circulation. That’s the mechanic behind his “supply shock” pronunciation-not a guarantee of straight-up prices, but a setup in which the deficiency can increase moves once the momentum begins.
Michaël van de poppe offered a risk check. He featured the unusual large weekly candle and warned breakouts over the weekend that often returned when liquidity was normalized early on the week.
The idea is simple: the weekend order books can be thinner, so moves are easier to expand; When the entire participation returns on Monday, the prices sometimes re -re -retest the breakout area to confirm it as support before trending again. In practice, that means a pullback toward the breakout zone is not, by itself, neglecting the larger bullish break you see in the 5-year chart.
