Ethereum (ETH) is showing serious strength going into next week. After smashing through the critical $4,000 resistance level, ETH has surged to around $4,600âputting it just shy of its all-time high near $4,870. The rally is being fueled by strong technical indicators and growing excitement across the crypto space.
Technically, ETH remains in a solid upward trend. Most moving averages are flashing âstrong buy,â and although the RSI is high, it hasnât entered overbought territoryâsuggesting there's still room for upward movement. Key support now sits in the $4,000â$4,200 zone, while the next major hurdle is the all-time high.
Adding to the bullish sentiment is the flood of institutional money pouring into Ethereum, especially through record-breaking inflows into spot ETH ETFs. If Ethereum manages to break past $4,800, we could be looking at a major push toward $5,000âor even higher, possibly reaching the $5,500 mark.
đ Are we witnessing the start of Ethereumâs next parabolic run? Only time will tellâbut the signs are pointing up.
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đ˘ Next up: Weâll be diving into the top 3 altcoins riding Ethereumâs waveâdonât sleep on these breakout plays! Stay tuned.
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