Ether (ETH) returned to $4,000 on Sept. 3 for the first time since May as a solid week of gains culminated in a major toll milestone.

Confronting month-to-engagement gains of $600, the pair reclaimed the celebrated level information technology had lost in the dramatic trend reversal that rocked the cryptocurrency market place roughly iii months ago.

In so doing, Ether broke out of its 3-month trading zone, with $four,025 just $350 away from all-time highs.

ETH/USD ane-twenty-four hours candle chart (Bitstamp). Source: TradingView

In terms of weekly performance, Ether took third place out of the height ten cryptocurrencies by market capitalization, backside Solana's SOL and Polkadot's DOT tokens.

Bitcoin (BTC) likewise capitalized on fresh strength of its own, rallying to a critical resistance at $51,000.

How long tin the skillful times concluding?

Ether'southward successes have given bulls reason to rejoice, only the motion has as well produced some murmurs from critics.

With gas fees yet causing frustration for traders, there was a sense of disparity as fifty-fifty actress Reese Witherspoon announced that she had invested in Ether.

Broadly, however, opinions converged that the concluding months of 2022 may mimick the blitz to the end of 2022 and 2022.

"Regardless of when exactly information technology comes the next few months will probably be insane across what most of you can imagine, but also i day during all that mania the music volition stop," pop Twitter account Lark Davis summarized in a dedicated thread on the current crypto bull market.

Related: Is Ethereum's rally signaling the next bull market phase for Bitcoin above $50K?