Ethereum at the Edge: Is $5.4K Coming? (6 May 2025 Update)
ETH is currently hovering near $5,120, showing strength above key support. But is a breakout coming?
Here’s what today’s data reveals:
Funding Rate: Slightly positive → Bullish sentiment holding
Open Interest: Rising with price = Healthy uptrend
Whale Watch: Accumulating above $5,000 (bullish bias)
Gas fees surging = Network activity rising
Breakout Confirmation:
Above $5,200 with volume → Long to $5,400
Below $4,980 → Short to $4,720 (if volume confirms)
My Trade Plan:
Long: $5,210 entry | Target: $5,400 | Stop: $5,080
Short: $4,980 break | Target: $4,720 | Stop: $5,060
Join the move – but don’t front-run it. Let the chart confirm first.
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