Ethereum (ETH) attempts to break out from a key resistance zone after a surge of optimism following Bitcoin's rally.
Ethereum reclaimed the $3,900 level and turned it into support, approaching its yearly high of $4,093.
Analysts predict that if Ethereum successfully breaks above the key resistance zone, it could reach a new all-time high (ATH) and rally towards $10,000 or even $12,000.
Comparisons have been drawn between Ethereum's current setup and Bitcoin's rally in 2020, suggesting a similar surge in the coming months.