#Ethereum Eyes $5K as Bullish Momentum Accelerates
Ethereum (ETH) is on the verge of a historic breakout after rallying to $4,744, its highest price in nearly four years. Analysts point to a 63% surge in network activity over the past 30 days, a clear sign of strengthening on-chain demand.
Meanwhile, ETH futures open interest has skyrocketed to $69 billion, reflecting massive institutional appetite for leveraged exposure. The rally already forced $351 million in liquidations from bearish traders, underscoring the marketโs bullish tilt.
With investor risk appetite returning and the Fed hinting at a softer stance, momentum is building for Ethereum to finally breach the $5,000 milestone.
