Ethereum Inches Toward $5K as Rally Intensifies

Ethereum ($ETH) is on the move—up over 8% in the past 24 hours, edging toward $4,700 after briefly surpassing $4,600. The rally is broad-based: layer‑1 and layer‑2 tokens soared, while Solana and Chainlink posted gains near 10%. Meme coins like Fartcoin also burst higher (+18%), signaling heat across the board.

Is ETH heading for a full breakout above $5K—or is this rally overheating too fast?

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