Ethereum Eyes $4K 🐂 Are the Bulls Ready?
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Ethereum is back in the spotlight as price momentum heats up 🔥. Currently at $3,827, ETH. $ETH has gained +3.6% this week and is inching toward a key $4,000 resistance. The buzz? The SEC is now reviewing BlackRock’s plan to add staking to its proposed spot ETH ETF — a move that could change the game for institutional adoption. 📈
Whales aren’t sleeping — they’ve scooped up 220,000 ETH (~$840M) just this week 🐋. If ETH breaks above $4K, over $1.4B in shorts could get wiped out, setting the stage for a rapid rally toward $4,096 and possibly $4,500 — a historic bullish zone seen in 2021 and March 2024.
📊 On-chain & TA highlights:
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- Resistance: $3,901 → $4,096
- Support: $3,565
- RSI: 56 — room for bulls to run
- Market cap: $462B | 24h vol: $36B (strong liquidity)
This week could be pivotal for ETH’s next big move. A clean breakout might ignite a full-on bull charge. But if rejection hits, expect a retest of the $3,500s.
📌 Bottom line: Whales are stacking, institutions are circling, and sentiment is turning bullish. The $4K breakout could be the ignition switch.
