Ethereum Shift: Break through key resistance, hitting a new all-time high. Ethereum (ETH) is currently at the forefront of an upcoming market surge, as evidenced by significant technical breakthroughs. According to cryptocurrency analyst Jelle, Ethereum has recently broken free from a bearish pattern, especially by breaking the "falling wedge," and transforming key resistance levels into support areas. Jelle revealed that Ethereum is currently making efforts to break through the $4,000 mark, making it more feasible to set a new record high. This trend marks a significant shift from previous trends and sets the foundation for a possible historic high. Jelle's recent observation was made during a period of strong performance of Ethereum, with the value of the cryptocurrency rising by 30% in just the past week. The price of Ethereum is $3,951, and it has risen by another 2.5% in just 24 hours. This significant upward trend highlights the increasing confidence of investors and market momentum, which may drive the value of Ethereum to new highs. It is worth noting that the falling wedge pattern in technical analysis is usually a precursor to a bull market reversal. The characteristic of this pattern is the convergence of trend lines and a downward slope. With buying pressure exceeding selling momentum, it typically culminates in an upward breakout. Ethereum's recent breakthrough of this pattern signifies a potential reversal of its previous downtrend and the transformation of previous resistance levels into new support levels, laying the foundation for bullish sentiment. This technological advancement is crucial as it indicates a shift in sentiment from bearish to bullish, suggesting that Ethereum may recover from its previous lows and begin a sustained rise. Analysts such as Jeler believe that this is a precursor to more positive buying behavior, which could drive asset prices to unprecedented levels. The optimistic outlook for Ethereum is not unique. Renowned cryptocurrency analyst Defi Mochi predicts that the price of ETH may soar to between $9,500 and $12,000. Mochi indicated that this prediction is based on various factors, including the continuous increase in political support for encryption and the fact that Bitcoin has not yet recovered to its historical peak. Institutional investors' adoption of Ethereum is also a key factor in the forecast. As more and more institutions include ETH in their portfolios, its market dynamics are expected to further stabilize, attracting more significant investment flows. Arthur also holds this bullish sentiment, predicting that Ethereum may soon reach $4,500. (Data Source: Samuel Edyme)