Ethereum on Fire 🔥 Eyeing New All-Time Highs

📊 Live Market Update

ETH is trading around $4,840, after briefly touching $4,849 — just a hair away from its all-time high near $4,878–$4,892. Today alone, Ethereum pumped nearly 14%, thanks to Jerome Powell hinting at possible rate cuts, which triggered a wave of short liquidations.

⚡ Why ETH Is Pumping

• Institutional Moves: Heavyweights like Peter Thiel are stacking ETH, betting big on its future as financial infrastructure.

• ETF & Treasury Demand: Ethereum ETFs + corporate treasury buys (like BitMine) are bringing in massive institutional inflows.

• On-Chain Strength: Ethereum’s daily transactions hit 1.74M, smashing past the 2021 bull run peak. Market cap, realized cap, and average transaction sizes are also hitting new records.

📈 Chart Setup – What’s Next?

• ETH broke above the $4K resistance with its strongest weekly close since Dec 2021.

• Next hurdles: $4,350–$4,500. Breaking through could open the gates to $5K+.

• $4,700 is the key pivot — a breakout here may unleash more aggressive buying.

⚠️ Caution:

• RSI & MACD show divergences → a short-term pullback isn’t off the table.

• Possible dips to $4,075–$4,150 before the next leg up.

💡 What This Means

Ethereum’s rally isn’t just hype — it’s backed by:

✅ Institutional buying

✅ ETF flows

✅ Record-breaking on-chain activity

• Bullish Case: Holding above $4,500–$4,700 could push ETH into new ATH territory.

• Caution Zone: Dips into $4,100–$4,200 could actually be strong re-entry levels.

🚀 Takeaway

$ETH is pressing hard against its all-time high. The demand is real, momentum is strong, but corrections are always possible.

🔑 Watch these levels:

• Support: $4,100–$4,200

• Breakout Zone: $4,500–$4,700

👉 $ETH is heating up — the question is, will it smash through $5K next?