🚨 *Update* 📊

Ethereum has moved back above $4,700, a crucial resistance level turned potential support 🚀. This price action suggests renewed confidence among investors, hinting that might aim for higher targets like $5,000 if momentum holds 📈.

*Key Drivers:*

- *Whale Activity:* Major holders are buying or withdrawing ETH from exchanges, indicating belief in further price gains 🐳.

- *Technical Strength:* Breaking above resistance zones boosts bullish sentiment 📊.

- *Market Sentiment:* Growing institutional attention and broader crypto rally vibes are helping ETH gain leverage 💸.

*What to Watch:*

- *Support Levels:* $4,600–$4,700 are crucial. A fall below this could risk a correction ⬇️.

- *Volume and On-Chain Metrics:* Watch for net flows and active addresses to see if the move is backed by real demand 📊.

- *Target:* If ETH holds above $4,700, $5,000 becomes a more likely target 🚀.

Current Price: $4,659.63 (-0.36% change). Will reach $5,000 soon? 🤔¹#ETHReclaims4700 #FedRateCutExpectations $ETH