#Ethereum Eyes $4K Support: Is $5K Next? 🚀
Ethereum [$ETH ] is showing signs of a short-term pullback after reaching $4,783, currently trading around $4,253. Exchange outflows have dropped to a nine-year low of 14.88M ETH, signaling strong accumulation and reduced selling pressure—a bullish indicator for the long term.
🔹 Key Metrics:
Directional Movement Index (DMI): ADX at 46.42 confirms a strong trend, +DI well above –DI.
Trader Positioning: Long positions dominate at 64.36%, reflecting bullish sentiment.
Social Interest: Ethereum’s Social Dominance climbed to 10.16%, showing rising retail and institutional attention.
Liquidation Clusters: Heavy zones between $4,200–$4,400 could spark sharp volatility.
While a short-term retest of $4,000 is possible, strong accumulation trends and bullish positioning suggest that ETH could clear resistance and target $5,000 in the near future.
💬 What’s your take? Will Ethereum hold $4K and surge to $5K, or will volatility push it lower first?
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