Ethereum Still Below Nov 2021 ATH; BTC Has Repeatedly Tested Highs
I note that Ethereum's last all-time high occurred in November 2021 at 4,891 USDT. Bitcoin, by contrast, has tested its own highs multiple times since then — I count at least ten retests — while Ethereum has not reclaimed that peak.
I'm cautious about assuming ETH will immediately return to its prior top without a clear breakout and supporting volume. The repeated tests on Bitcoin indicate ongoing interest and liquidity at higher levels, whereas Ethereum needs a decisive move or a pattern of higher lows to confirm a sustainable recovery.
Analysis
Recommendation
I would watch price action for a confirmed breakout above the November 2021 high or evidence of sustained higher lows and volume before initiating new long positions in ETH.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.