$ETH 🚀 Ethereum Eyes $5K as Bulls Regain Momentum!
The ETH/USDT pair is trading at $4,608.65 (+5.33% in 24h), showcasing robust momentum after testing key support at $4,371. With a 24h range of $4,371–$4,759, Ethereum’s $555.00B market cap and $47.89B trading volume signal intense institutional interest, driven by network upgrades and DeFi dominance.
Key Drivers:
Technical Breakout: A bullish engulfing pattern on weekly charts suggests a potential retest of the $4,946 all-time high.
Institutional Demand: Spot ETF inflows and staking yields (7.5%+ APY) fuel long-term accumulation.
Market Sentiment: 58% bullish bias (3-month indicator) aligns with Ethereum’s 21.09% monthly surge.
Pro Tip: Accumulate near $4,600–$4,700. A close above $4,760 could target $5,000.
🔔 Will ETH shatter $5K? Ride the wave!
*Trade responsibly!* 🚀
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