Ethereum (ETH) has performed outstandingly in recent times, shocking the market. In just four months, the price of ETH has surged by 200%, breaking through the $4200 mark today, reaching a new high not seen in three and a half years. This astonishing rise leaves ETH just 15% away from its all-time high of $4900.

The strong upward momentum in this wave is mainly driven by a significant influx of ETF funds and the active buying from institutional investors and large holders. The current market shows a strong bullish atmosphere, and investors generally hold an optimistic attitude towards the future performance of ETH.

However, market participants are now closely watching whether ETH can break through this key resistance level of its ATH. This will be an important technical and psychological threshold, and if it successfully breaks through, it may trigger a new wave of rise.

It is worth noting that although ETH has performed strongly in the short term, the cryptocurrency market is known for its volatility. Investors should act cautiously when participating, fully assess the risks, and make decisions based on their own investment goals and risk tolerance.

In addition, the market needs to pay attention to broader macroeconomic factors, such as changes in regulatory policies and global economic conditions, all of which may affect the future trends of ETH. Regardless, this wave of rise in Ethereum has undoubtedly injected new vitality into the cryptocurrency market and has sparked more thinking and discussion about the future development of blockchain technology.