$ETH $ETH $ETH
Ethereum Powers Up 5% — Eyes a Breakout at $4,800
Market Movement & Momentum
Price surge: Ethereum (ETH) has rallied nearly 5% in recent trading sessions, reclaiming key levels around $4,200 and pushing firmly above $4,400.
Approaching highs: ETH recently hit $4,600, marking its strongest performance since late 2021 and sits just 5% shy of its all-time high near $4,800.
Broader rally: In the past 24 hours, ETH climbed approximately 5%, reaching levels not seen in years.
Institutional Inflows & Investor Sentiment
ETF inflows: Over the past month, more than $1 billion has flowed into Ethereum-based ETFs, fueling a ~45% price rally.
Corporate accumulation: Digital asset treasury firms—including Bitmine Immersion Technologies and Sharplink Gaming—have scooped up over 2 million ETH since June, contributing strongly to demand.
Regulatory tailwinds: A more favorable SEC stance toward ether ETFs has added momentum, with potential approval and yield-generating opportunities making ETH more appealing.
Technical Landscape
Breakthrough zones: ETH has decisively broken past resistance near $4,200–$4,300 and now faces critical resistance between $4,400–$4,600.
Bullish indicators:
The 50-day moving average crossed above the 200-day MA this month, creating a bullish “golden cross.”
On-chain activity, including rising daily active addresses, underscores renewed buyer confidence.
Caution areas:
The Relative Strength Index (RSI) is in overbought territory above 70, suggesting potential for a short-term pullback.
Key support zones lie at $4,400, with possible inflection points at $4,350–$4,250 if momentum stalls.
What’s Next? The $4,800 Test (and Beyond)
Psychological and technical pivot: The $4,800 mark looms large as both a psychological milestone and the all-time high. A sustained breakout above this level could unlock a broader bull run.
Optimistic projections: Some analysts speculate that if momentum and adoption continue, ETH could reach $5,400 by September, driven by ongoing ETF inflows and network upgrades.
