$ETH
Ethereum Smashes Past $4,700 – The Bull Run Heats Up!
Ethereum (ETH) has officially crossed the $4,700 threshold, igniting excitement across the crypto community. This milestone comes on the back of strong market momentum, renewed institutional interest, and growing optimism around ETH’s role in powering the future of Web3, DeFi, and NFTs.
Key drivers behind this surge:
Layer 2 Growth: Scaling solutions like Arbitrum, Optimism, and zkSync are making ETH transactions faster and cheaper.
On-Chain Activity: DeFi TVL is climbing, and NFT volumes are rebounding, increasing demand for ETH gas fees.
Spot ETH ETF Speculation: Rumors and regulatory optimism are fueling bullish sentiment.
📊 With ETH now eyeing its all-time high territory, traders are watching key resistance levels closely. A clean breakout could set the stage for new records and potentially flip Bitcoin dominance in certain DeFi markets.
💡 Pro Tip: Keep an eye on ETH/BTC ratios and gas fee trends – they often hint at shifts in altseason momentum.
What’s your target for ETH this cycle? 🌕👇