$ETH 4700: Key threshold breached, bull market enters acceleration phase
$ETH breaks through 4700, marking a significant moment. On-chain capital flow indicates that large holders and institutions continue to increase their positions, with the staking rate remaining high and circulating chips becoming increasingly tight. Technically, the breakthrough at 4700 means that previous resistance has been fully digested, the moving averages are in a strong bullish arrangement, and trading volume is expanding simultaneously. Psychologically, such a breakthrough can ignite FOMO sentiment, leading retail investors to flood in, accelerating capital to drive up prices. Historically, every time ETH breaches a key position, it is accompanied by the onset of a main upward wave. Now 4700 is the starting point for the acceleration of the bull market, with a target of 6000 gradually being realized.