Ethereum Price Prediction: 1.5-Year Resistance Breakout Signals Rally to $7,000

Introduction
Ethereum made headlines this weekend by surging to a new milestone of $4,300 after breaking through the stubborn $4,100 resistance level that had persisted for over 1.5 years. This breakthrough has not only signaled renewed investor interest but has also set the stage for a potential rally to $7,000 in the coming weeks.

The Breakout Explained
For the past 18 months, Ethereum struggled to overcome the $4,100 barrier. However, as buying pressure increased, traders and Wall Street market participants alike watched as the price ascended, igniting a wave of bullish sentiment across the board.

• Key Resistance Level Crossed: $4,100
• New Milestone Achieved: $4,300
• Target Prediction: Rally to $7,000

Ethereum’s Path Forward
Market analysts are now forecasting further gains in August, with many pointing to a potential surge fueled by global crypto news and a renewed interest from institutional investors. With this in mind, savvy traders are revisiting their strategies to optimize their portfolios.

Actionable Crypto Strategies

• Crypto Tax Tips: As crypto transactions intensify, staying updated on tax regulations is critical. Consider consulting with a tax professional to navigate deductions and reporting requirements.
• How to Build a Crypto Portfolio: Diversification is key. Explore a mix of established coins like Ethereum and emerging tokens, while continuously monitoring market trends and resistance levels.

Conclusion
The breakout above $4,100 has not only provided positive momentum but has also offered a glimpse into Ethereum’s potential to reach new heights. As cryptocurrency news and global crypto news continue to influence the market, traders and investors must remain agile and informed. This period of growth underscores the importance of integrating sound tax strategies and robust portfolio management into your crypto journey.