Ethereum conquering $5,000?
• 🔥 ETH hit a key support at $4,260 on August 22 and is now around $4,700, a 50% increase in just 4 weeks!
• 🐋 Large investors and “whales” are accumulating ETH, even more than Bitcoin, with million-dollar purchases in new and known wallets.
• 💰 An investor sold part of their old BTC to buy over $800 million in ETH, a clear sign of confidence.
• 🏦 Standard Chartered sees a possible price of up to $7,500 in 2025, showing growing optimism.
• 📈 Technical analysis indicates a “bull flag” pattern, with possible levels to watch for a rise: $4,800 and then $5,500+.
• ⚠️ Be cautious if it falls below $4,200, there could be further declines.
• 📰 The narrative in major media is growing; Peter Thiel and other investors are betting on Ethereum as the financial platform of the future.
👉 Conclusion: Ethereum shows strength and accumulation, with a clear path to approach $5,000, but it needs to maintain those key supports for the rebound to be confirmed.
🔮 The future of ETH looks exciting!
