š Ethereum ($ETH ) Soars Above $4,700 ā Is the Bull Run Just Getting Started?
Ethereum has smashed through the $4,700 mark, igniting excitement across the crypto market. This surge pushes ETH closer to its all-time high zone, signaling strong bullish sentiment and renewed investor confidence.
š Latest Performance
Over the past 14 days, $ETH has climbed steadily from the $4,500 level, breaking through key resistance levels and confirming bullish momentum. The recent move above $4,700 came with high trading volume, strengthening the breakout case.
š Key Drivers of the Rally
1. Institutional Inflows ā Increased ETH accumulation from large funds and institutional players.
2. $ETH Spot ETF Buzz ā Optimism around a potential Ethereum spot ETF approval is boosting demand.
3. On-chain Strength ā Staking deposits and DeFi activity on the Ethereum network remain strong.
Current Price: $4,720
Immediate Resistance: $4,850 ā a breakout here could open the path to $5,000.
Key Support: $4,500 ā holding this level solidifies the bullish trend.
Momentum: RSI near 72 shows strong buying interest but also suggests a possible short-term pullback.
