🚀 Ethereum Bull Flag Suggests Surge to $4,000 — Is ETH Ready to Break Out? 💥
Ethereum ($ETH ) is flashing strong bullish momentum, with technical patterns and on-chain metrics signaling a potential rally toward $4,000. Here’s why this move could happen sooner than many expect. 👇
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📊 Market Snapshot
• 🟢 Price Surge: $1,750 → $2,734 (⬆ 56%) in just 17 days
• 🔥 Daily Transactions: ⬆ 37% over the past 30 days
• 💸 Gas Fees: Hit 90-day high (0.0005 ETH / $1.33)
• 💰 TVL Growth: $45.26B → $65.3B (⬆ 44%)
• 🌐 ETF Inflows: $249M between May 13–22
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📈 Technical Analysis – Bull Flag Formation
• Pattern suggests a 56% potential upside from current levels
• 🔹 Target: ~$3,900–$4,000
• 🛡️ Support to Watch: $2,400 (must hold to maintain bullish momentum)
• 🔼 Analyst Michael van de Poppe sees next key level at $3,500+
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💡 What’s Fueling ETH’s Rally?
• 🔄 Surge in DeFi, NFTs, and DApp activity
• 💹 Big TVL gains from Pendle, EigenLayer, and Ether.fi
• 📈 Strong ETF demand = renewed institutional interest
• 🥇 ETH maintains 54% dominance in Layer-1 TVL
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🚨 Risks & Reminders
• Volume confirmation and holding above key support levels are essential
• As always, this is not financial advice — just analysis
• DYOR and trade with risk management in mind
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📢 Will Ethereum hit $4K in the coming weeks? Or is this just a fakeout?
Comment below with your thoughts! 👇