Ethereum Pierces $4000 Barrier: Trader Eugene Capitulates to Bullish Momentum

The technical milestone has arrived. Ethereum has decisively broken past the critical $4000 resistance level, prompting noted trader Eugene Ng Ah Sio to shift his market stance entirely. “The chart speaks louder than any analysis,” Eugene remarked, signaling a complete reversal from his previous positioning to a full bullish commitment.

This technical breakthrough represents a significant turning point. Traders like Eugene have long watched this $4000 level as a crucial inflection point, and its breach signals renewed buying pressure in the ETH market. The capitulation from bearish sentiment to bullish conviction among seasoned traders suggests conviction in the upside momentum.

Eugene’s shift joins a broader market narrative around Ethereum’s upward trajectory. Industry figures including Tom Lee, a prominent voice championing Ethereum’s potential, have been vocal advocates of this bull case. With the resistance now firmly behind, market participants are positioning for the next leg of the rally.

The $4000 breakthrough serves as more than just a number—it’s a psychological and technical validator for Ethereum bulls who’ve been awaiting this confirmation. Whether this leads to an extended rally or consolidation remains to be seen, but the momentum shift is undeniable. As traders capitulate to the technical evidence, the ETH market awaits its next major catalyst.