Ethereum $ETH just flipped the script. 🚀 After years of consolidation, ETH has smashed through its 2021 all-time high, pushing toward a staggering $600B market cap — and traders are asking: Is $5K next?

đŸ”„ Technical Breakout

The key breakout came as ETH cleanly sliced through the $4,880 resistance with massive volume on Binance. Open interest in ETH perpetual swaps spiked, signaling leverage apes jumping in. Next upside targets:

  • $5K – major psychological level

  • $5.2K–$5.3K – strong resistance cluster from historical order books

🐋 On-Chain Momentum

Whale wallets are quietly stacking. Exchange outflows show thousands of ETH moving into cold storage, reducing sell pressure. At the same time, staking deposits keep climbing — more ETH locked means tighter supply. Add whispers of a U.S. Ethereum ETF approval, and the institutional bid looks stronger than ever

📈 Narrative & Sentiment

Crypto Twitter is buzzing with “Flippening” chatter again. With ETH’s dominance inching higher while BTC consolidates, traders can’t ignore the possibility of Ethereum challenging Bitcoin’s throne in this cycle. Compared to 2021, ETH’s fundamentals are far stronger: higher TVL, more active addresses, and thriving L2 ecosystems.

$ETH

💡 Takeaway: ETH’s breakout isn’t just hype — it’s backed by real volume, whale moves, and bullish fundamentals. The next few weeks will decide whether ETH pushes beyond $5K or faces a harsh correction.