Ethereum has surged 12.47% to $4,752, marking a significant rally after a period of consolidation. Traders are now focused on the $4,800 breakout zone, which could pave the way for Ethereum to challenge the $5,000 level. The cryptocurrency's recent movement broke through a descending resistance line, confirming a bullish breakout pattern. Key support levels are noted at $4,356 and $4,200, with resistance at $4,800. The Relative Strength Index (RSI) has reached 81, indicating overbought conditions typical of strong breakouts. As momentum builds, Ethereum's potential to reach new all-time highs is generating excitement, though failure to surpass $4,800 could result in a retracement.