A breakout occurs when price crosses a resistance or support level with volume and conviction, while a fakeout is a false breakout where price reverses immediately, trapping traders who had entered. On August 24, 2025, ethereum broke above $4,900 on Coinbase at 17:40 UTC, surpassing its previous record of $4,867 set in November 2021, amid declining reserves on exchanges and growing institutional appetite for staking. The key rule to distinguish a true breakout from a fakeout remains observing volume and price behavior just after the crossing, never entering on the candle wick alone.
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