Ethereum Close to a New Record High, While MAGACOIN Might Lead the Next Crypto Boom

Ethereum is approaching a critical breakout level, with prices now hovering just below the $3,800 mark. Traders and analysts are closely watching the $4,000 resistance zone—a level that could determine whether the largest altcoin enters price discovery or sees a temporary correction. While many investors remain focused on Ethereum, there’s also rising interest in newer, high-potential altcoins that are gaining traction rapidly. One of those names being talked about by crypto communities and insiders alike is MAGACOIN FINANCE, a project that’s been quietly building momentum during this market cycle. Ethereum Nears Critical Levels as Bulls Eye $4,900 According to on-chain analytics platform Glassnode, Ethereum is currently trading near its March 2024 highs but with much lower unrealized profits. That’s a sign of long-term strength and possible continuation. Based on historical trends, Glassnode suggests Ethereum could reach $4,900 to match last year’s unrealized profit levels—a move that would push ETH to a fresh all-time high and possibly spark a broader altcoin rally. Further supporting this bullish outlook are rising ETF inflows, totaling $890 million over the past 30 days, and large corporate ETH holdings, now exceeding $10 billion. These metrics confirm strong institutional conviction. Meanwhile, Ethereum’s RSI on the hourly chart sits near 45, reflecting a neutral state, but with rising open interest and active trading volumes, it appears ETH is gearing up for a major directional move. MAGACOIN FINANCE Sets the Stage for a Breakout of Its Own While Ethereum continues to dominate headlines, MAGACOIN FINANCE has quietly emerged as one of the most sought-after opportunities among early-stage crypto investors. The project recently broke records for investor participation in its latest phase—a clear indicator of growing confidence and urgency. Market analysts are beginning to compare MAGACOIN’s early-stage traction to that of legendary runs like SHIBA INU and DOGECOIN, but with a more strategic ecosystem built for sustained growth. With a projected ROI potential of up to 39x , insiders believe early positions in MAGACOIN FINANCE could prove incredibly profitable, especially before it launches on top-tier exchanges. Its blend of growing utility, scarcity , and expanding community make it a standout in a market full of noise. Ethereum’s Path Depends on Breaking Resistance Back in focus, Ethereum’s technical picture suggests a make-or-break moment is approaching. The key resistance remains the $4,000 zone , which ETH has tested multiple times without success. However, with mounting open interest and strong support near $3,500, the setup looks increasingly bullish. The broader macro environment could also play a role. With the next Fed rate decision due in September, many traders expect volatility to pick up. If Ethereum breaks $4,000 in the coming weeks, it could trigger a run toward $4,900 or even $5,000 , especially if altseason picks up alongside it. Conclusion Ethereum’s steady climb is reigniting hope for a new all-time high, but all eyes remain on the $4,000 threshold. If bulls break through, it could mark the beginning of the next explosive phase in crypto. Meanwhile, MAGACOIN FINANCE continues to outperform expectations , racking up presale milestones and drawing comparisons to the biggest meme coin success stories . For investors seeking early advantage, both ETH’s rally and MAGACOIN’s breakout potential are impossible to ignore. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Ethereum Close to a New Record High, While MAGACOIN Might Lead the Next Crypto Boom