Ethereum Targets $5K as Bulls Dominate the Charts 💎📈
Ethereum has surged past $4,000, posting an impressive 18% weekly gain and triggering $184M in short liquidations within the last 24 hours.
📌 Bullish Momentum in Play
Open interest climbs 10% to $51.6B, signaling confidence in further gains.
Institutional inflows pour in — $326.8M into ETH ETFs this week alone.
Key levels: Strong support at $3,909, next hurdle at $4,430.
🔥 Why It’s Critical
A breakout above $4,430 could pave the way to ETH’s all-time high at $4,827 — and open the door to $5K.
Short squeeze dynamics are adding fuel to the rally.
Institutional money is flowing back, giving bulls a strong safety net.
⚠️ Bearish Watch: Losing $3,909 support could spark a slide toward $3,340.
💡 Takeaway: With bullish price action, favorable on-chain signals, and surging institutional demand, the real question for ETH isn’t if $5K is coming — but how soon.