Ethereum is heating up again — and the bulls are clearly back in the driver’s seat. After a solid bounce from the $3,350 floor, $ETH has reclaimed the $4,000 mark, a level many traders consider a major psychological turning point.

🔥 Key Highlights

📈 Strong Rebound from $3,350

Buyers aggressively defended this zone, fueling a surge that reignited bullish sentiment.

Signals a strong base for the next leg up.

💎 $4,000 – A Crucial Turning Point

Acts as both a psychological milestone and a technical trigger for bullish momentum.

Breaching it has invited fresh buying pressure from both retail and institutional investors.

🎯 Target Zone: $4,500–$5,000

This range holds major historical resistance, making it a decisive battleground.

A clean breakout could set the stage for new all-time highs.

Failure here could mean a healthy pullback before the next rally attempt.

📊 Market Sentiment

Open interest in ETH futures is rising, suggesting traders are positioning for bigger moves.

On-chain data shows increased wallet activity — a sign of growing market participation.

💡 Analyst Take:

If Ethereum can flip $4,500 into support, the path toward $5,000+ becomes far more likely. However, traders should watch for potential rejection in this zone — a common occurrence before explosive rallies.

Next stop for ETH? 🔥 If momentum holds, $5K might just be a warm-up.