#ETHRally
ETHEREUM IS UNLEASHING THE BEAST! 💎🚀
Ethereum (ETH/USDT) has just smashed through the $4,720 barrier, breaking one of the strongest resistance levels in recent months! 📈🔥 This isn’t just another green candle — this is a signal that the market is gearing up for a massive explosive phase!
📊 Current Technical Setup:
— Major Breakout: After weeks of consolidation in the $4,550–$4,700 range, ETH finally broke out, closing 4H and D1 candles above a critical level 💥
— Volume Surge: 24-hour trading volume on Binance and other top exchanges is up by 18%, signaling strong fresh capital inflows 🐋
— RSI & MACD: RSI on the 4H chart is approaching 70 but not yet overbought, while MACD confirms a bullish crossover
— Key Support: $4,650 is now the main level to hold — a drop below is unlikely as long as strong volume remains
🌍 Fundamental Catalysts Driving the Rally:
— Ethereum ETF Effect: Market is preparing for possible ETH ETF approvals, potentially unlocking huge institutional flows 💼
— DeFi & Staking Growth: Total Value Locked (TVL) in Ethereum has surpassed $70B again, with a record-breaking 33M ETH staked 🔒
— Developer Activity: The Dencun upgrade has boosted Layer 2 efficiency, cutting gas fees and speeding up transactions ⚡
🎯 Price Targets Ahead:
— Target 1: $4,850 — next key resistance
— Target 2: $5,000 — massive psychological milestone
— Target 3: $5,200+ — if FOMO kicks in, this could be hit within weeks