$ETH has surpassed the resistance level of $4,000 and looking more broadly on the W frame, the price is moving within a bullish channel targeting $16,000 if it breaks out strongly like the 2016-2017 period.

When $ETH = $16,000, it will push the market capitalization of this altcoin above $1 trillion for the first time in history.

Recently, the ETH ETF flow has also been very good, if this trend continues and strengthens like the early BTC ETF phase, it will be very positive, forming a sustainable bullish foundation.