Ethereum (CRYPTO: ETH) and BitMine Immersion Technologies Inc. (NYSE:BMNR) are moving in lockstep, with ETH reclaiming $4,700 and BitMine stock rising more than 9% on the back of its massive $13.4 billion crypto treasury.

Ethereum Price Breakout Clears $4,600 With $5,000 Now In Sight

ETH Key Technical Levels (Source: TradingView)

Ethereum has broken above the triangle structure that capped price since August, with buyers lifting the token through $4,600 resistance. 

Trading volume and on-balance flows confirm renewed inflows, while moving averages stacked above $4,300 provide a strong base.

The breakout puts $5,000 back in focus, with potential extension toward $5,200 if momentum…

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