#Ethereum

🚀 Ethereum On-Chain Volume Hits $13B, Nears Historic Highs! 📈

$ETH is on fire, holding strong above $4,400 after hitting $4,792, just shy of its 2021 peak. 💥 Fueled by institutional interest, shrinking exchange supply, and DeFi demand, ETH is charging toward record-breaking territory. On-chain volume has soared to $12.93B, signaling massive transaction flows and renewed investor action. 📊

Historically, such volume spikes have marked major breakouts or consolidation phases. With Bitcoin potentially entering its final bull phase, is an altseason led by $ETH on the horizon? 🌙 Exchange balances are drying up, and OTC reserves are tight, hinting at institutional accumulation. 🏦

Price Action: $ETH broke above key moving averages, with $4,200–$4,300 as critical support. Resistance lies at $4,800–$5,000. A breakout could target $5,500–$6,000, but sharp rallies raise pullback risks. ⚠️

Will ETH smash its all-time high, or is a cool-off coming? 👀