Recently, with the participation of elite investors from Wall Street, the Ethereum market has shown a significant upward trend. Nevertheless, this mainstream cryptocurrency has still not managed to break through its historical highest point. Currently, while the price of Ethereum has seen substantial growth, it still has a considerable gap from the previous peak of $4800.

In the current cryptocurrency bull market, we observe an interesting phenomenon: only a few coins such as Solana, Ripple, and Sui have reached new highs, while the performance of most other crypto assets is relatively flat. This uneven market performance raises a question: Are we experiencing a bull market that is solely dominated by Bitcoin?

It is worth noting that although Ethereum has not yet broken its historical high, its breaking of the $4000 price level is still an important milestone. This not only reflects the market's continued confidence in Ethereum but also suggests its potential upward space.

However, we should also take a cautious view of this upward trend. The high volatility of the encryption currency market means that even strong increases may face sudden pullbacks. Investors need to consider market risks comprehensively when making decisions and closely monitor changes in the global economy and regulatory environment.

Overall, Ethereum's recent performance has injected new vitality into the market, but whether it can reach new highs in this bull market remains a question worth our continued attention.