📈 Ethereum Approaches All-Time High
ETH is only about 5% away from its all-time high as price and network metrics reach peak levels.$ETH $ETH $ETH
➡️ On-chain network activity rises to a record 1.875 million transactions per day
➡️ Demand for decentralized finance and the blockchain space is at its highest level in several months
➡️ The price tests major resistance at $4,750 — "the gateway" to the all-time high
➡️ Institutions are watching for entry at high trading volume
With fundamentals and technical analysis aligning, a breakout above $4,750 could lead to new record numbers. A rejection may see a pullback towards $3,950 before the next push.
