Ethereum’s (ETH) Breakout and Retest in 2021
In early 2021, Ethereum (ETH) broke through the crucial $1,400 resistance level, a price that had served as its all-time high from the 2017 bull run. This breakout signaled a strong bullish move as ETH surged past $4,000 by May.
However, after peaking, ETH retraced sharply during the broader crypto market correction. By June 2021, it had retested the $1,400 breakout level, confirming it as a new support. This successful retest set the stage for another massive rally, with ETH reaching an all-time high of nearly $4,900 by November 2021.
