#Current Ethereum# Price Analysis and Market Performance

Ethereum price has demonstrated remarkable resilience despite macro headwinds that typically suppress risk appetite. Trading 23% below its November 2021 all-time high of $5,000, ETH has established a crucial resistance level at $4,000 that serves as the gateway to new price discovery territory.

According to the latest data from CoinMarketCap, one Ethereum is currently priced at $3,865, with a 2% increase over the past 24 hours.

Ray Youssef, CEO of NoOnes, observes that Ethereum's symbolic rebound above $3,850 during its 10th anniversary celebration showcases unusual strength. "Despite conditions that would typically fuel a broad risk-off environment, Ethereum has demonstrated unusual resilience, reflecting its growing role as digital infrastructure rather than just a speculative asset," Youssef explains.

The cryptocurrency has already surged over 300% since establishing a cycle low of approximately $880 in June 2022, painting compelling chart patterns that suggest continued upward momentum.