Ethereum climbed to about $3,900 on 28 July, its strongest level since early 2022, narrowing the gap to the key $4,000 resistance that has capped gains for more than three years. The latest advance extends a steady rally that has attracted renewed trading interest in the world’s second-largest cryptocurrency. Relative to Bitcoin, Ether has strengthened sharply: the ETH/BTC rate has jumped 41.39 % over the past month and now sits at a six-month high, according to market-tracking data shared by traders. The move has also lifted Ether-linked equity and fund proxies, with ETHA up 5.55 % and leveraged vehicle BMNR gaining about 3 % in Monday trading. Analysts said a sustained weekly close above $4,000 would confirm a technical breakout and could open the way to further upside, while a rejection at that threshold risks a retracement toward the $2,500 area. Trading desks reported active buying around current levels as market participants await confirmation of the next directional move.