🚀 Ethereum Eyes $5K as Bulls Tighten Grip 💎📈
Ethereum has blasted past $4,000 with an 18% weekly gain, triggering $184M in short liquidations in just 24 hours.
📌 Bullish Signals Building:
• Open interest up 10% to $51.6B — shows traders betting the rally continues.
• Institutional inflows – $326.8M into ETH ETFs this week.
• Strong support at $3,909, next resistance at $4,430.
🔥 Why It Matters:
• Break above $4,430 could send ETH toward its ATH of $4,827 — and possibly $5K.
• Shorts are getting squeezed, fueling upside momentum.
• Institutional capital is back, adding a safety net for bulls.
⚠️ Bear Scenario: Lose $3,909 support → drop toward $3,340.
💡 Bottom line: ETH’s price action, on-chain data, and institutional demand align — the $5K question is no longer “if,” but “when.”