#ETH5kNext? on Binance: Ethereum's Path to $5,000

Ethereum (ETH) is on the verge of reaching the psychologically significant $5,000 price level. After a 200% surge from its low earlier this year, ETH is trading at $4,680, just 2% below its 2021 peak. Analysts and traders are optimistic that Ethereum will surpass the $5,000 mark in the near term.¹ ² ³

Key Drivers of Ethereum's Bullish Momentum:

- *Institutional Inflows*: Ethereum spot ETFs recorded over $1 billion in daily inflows recently, led by major asset managers like BlackRock.

- *Growing Network Activity*: Ethereum's daily transactions have jumped 30-50% compared to 2023, with 6.5-7.5 million transactions daily.

- *Treasury Companies' Accumulation*: Companies like BitMine are increasing their ETH holdings, with BitMine planning to buy more Ether through a $24 billion equity program.⁴ ⁵

Technical Outlook and Price Targets:

- *Elliott Wave Analysis*: Suggests a potential push to $5,013 in the near term.

- *Resistance Levels*: A sustained break above $4,800 could accelerate price discovery toward $5,000 or higher.⁶

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