🚀 Ethereum Breaks $4,400 — Is the Next Leg Up Imminent? 💥🔥
Ethereum ($ETH) has just smashed through the $4,400 mark 📈, marking a +5.47% daily gain and continuing its impressive bullish run over the last 7 days (+20%).
📊 Current On-Chain & Technical Snapshot
Price: $4,407.72
24h High: $4,414.83
Bollinger Bands: Price is hugging the upper band at $4,367, showing strong bullish momentum.
Order Book: Slight bullish bias — Buyers 50.08% 🟢 vs Sellers 49.92% 🔴.
Volume: $2.88B (USDT), indicating high market participation.
On-Chain Insights:
🔹 Whale Activity: Large ETH wallets have been steadily accumulating, with notable inflows to long-term holding addresses.
🔹 Network Growth: Active addresses are up, signaling higher adoption and transaction activity.
🔹 Exchange Reserves: ETH balances on exchanges are trending down 📉 — a bullish sign as more coins move to cold storage.
🎯 Next Price Targets (Short-Term)
1️⃣ Immediate Resistance: $4,450 - $4,470
2️⃣ Breakout Zone: Above $4,500 could trigger a quick run to $4,650.
3️⃣ Medium-Term Target: $4,800 - $5,000 if momentum sustains and BTC remains bullish.
⚠️ Risk Note: Overbought conditions are appearing on the 4H chart. A short-term pullback to $4,300-$4,250 is possible before the next leg up.
💡 Final Take: Ethereum is showing strong bullish momentum both technically and on-chain. If the $4,450 resistance breaks with volume, the path to $4,650+ could be swift. Holders — keep your eyes on whale moves and BTC’s trend for confirmation. 🚀