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**#CryptoObserversq **
🔹 *Ethereum* surged past **$3,800**, driven by heightened altcoin activity across the cryptocurrency market. This milestone comes just before *Bitcoin* set a historic all-time high, breaking the **$100,000** mark.
👨🏻💻 *Trader Jelle* highlighted the successful breakout above a key resistance level, which could now act as strong support on Ethereum's path toward the psychologically significant **$5,000** mark. Multiple timeframe analyses suggest a favorable technical setup for further growth.
📈 *Analyst Venturefounder* offered an even more bullish perspective, citing the formation of a massive **'cup and handle' pattern** dating back to November 2021. This pattern indicates the potential for Ethereum to climb to **$7,346**, provided the breakout above $3,800 is confirmed. Historically, such formations often signal a major rally ahead.
#ETH