🚀 $ETH /USDT – Bulls Charging Towards $4,700+!
Ethereum is on fire with a +8.29% surge in 24 hours, reclaiming key levels and attracting massive buy volume. With spot supply drying up and derivatives traders loading up, ETH is showing strong momentum that could push it toward new local highs — and potentially $5,000 in the coming weeks.
📊 Market Analysis:
Trend: Strong bullish momentum on 4H and daily charts
24h High/Low: $4,628 – $4,190
Volume: Over 833K ETH traded, signaling strong institutional and retail participation
Market Structure: Higher highs & higher lows, confirming uptrend
RSI: Near overbought but with room for further upside before cooling
📌 Key Insights:
Spot exchange reserves remain near record lows → supply squeeze in play.
Open interest and funding rates show buyers are aggressively positioned.
Breakout above $4,650 would open doors for $4,800 – $5,000 targets.
🎯 Trading Signal (LONG)
Entry: $4,560 – $4,600
Target 1: $4,680
Target 2: $4,800
Target 3: $5,000
Stop Loss: $4,480
📅 Forecast:
If ETH maintains above $4,550 and Bitcoin stays bullish, we could see ETH challenging $5,000 in the next 1–2 weeks. Watch for profit-taking near $4,800 but dips into $4,500–$4,550 could be golden re-entry zones for swing traders.