Ethereum Breakout with Confirmed Volume Surge Suggests Potential Rally Towards All-Time Highs

I see an upward trend emerging, supported by a substantial increase in trading volume, which suggests that the breakout is driven by genuine buying interest rather than just speculative fluctuations. Considering the recent activity, if Ethereum manages to close above $3,860 on the weekly timeframe, it could aim for the historical all-time high zone near $4,800 to $4,900. Despite this optimistic outlook, I am aware that Ethereum tends to experience increased volatility around key psychological levels. Therefore, a short-term pullback to retest the breakout zone might occur before any further upward movement. This pattern indicates a potential consolidation phase that could set the stage for a sustainable rally. Overall, the bullish momentum appears strong, but traders should remain cautious of short-term corrections and watch for confirmation of sustained movement above critical resistance levels, which are essential for validating a longer-term bullish trend.