Ethereum ($ETH) is stealing the spotlight again — and the next few weeks could decide whether it smashes through to $7,000 or faces a short-term dip.
🔥 ETH Surges Past $4,000 With Momentum Building
In a stunning rally, ETH crossed $4,000 for the first time in months, hitting a weekly peak near $4,330. The move wasn’t random — technical charts show ETH breaking out of a long-term resistance zone, with moving averages and MACD all pointing bullish.
Year-to-date gains are now over 190%, and with just a small gap to all-time highs, traders are betting big on a continued climb. If the current uptrend holds, the next major target sits at $7,000, a potential 60% jump from current prices.
📊 Liquidation Clusters Could Speed Up Moves
CoinGlass data reveals heavy liquidation zones between $4,200–$4,500. If ETH pushes through, short sellers may be forced to cover, adding fuel to the rally.
But the risk is real — a drop below $4,150 could trigger rapid sell-offs, sending ETH lower before any new leg up.
🏦 Institutional Money Is Flowing In
Ethereum ETFs just recorded a jaw-dropping $1B single-day inflow, the highest since launch. Institutions are clearly warming up to ETH after weeks of silence. However, some short-term traders are locking in profits, which could slow momentum temporarily.
📅 Key Events to Watch This Week
US CPI (Tuesday), PPI (Thursday), and retail sales (Friday) could be the catalysts for ETH’s next big move. Lower inflation and hints of earlier Fed rate cuts would likely supercharge crypto prices.
🚀 Bottom Line
The battle lines are drawn: $4,150 is critical support, $4,500 is near-term resistance, and $7,000 is the big prize bulls are chasing. Traders should brace for volatility — either way, the next chapter for Ethereum looks explosive.
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