Ethereum Just Crossed a Line It Hasn’t Touched in Years — Here’s Why $6K Might Be Next
ETH Breaks $4K — The $6K Question
Ethereum (ETH) is trading at $4,489, staying strong after smashing through the $4,000 mark for the first time in years. This isn’t just hype—spot ETH ETFs are pulling in over $1 billion in daily inflows, institutional investors are ramping up their holdings, and technical indicators remain firmly bullish. The RSI sits at 73—strong, but not overheated—while ETH trades comfortably above its key moving averages. A recent short squeeze liquidated more than $180 million in bearish positions, giving bulls even more control over the market.
With resistance sitting at $4,350–$4,460 and solid support around $4,000, ETH’s next move could be decisive. If momentum continues, a push to $5,500–$6,000 in the coming weeks is entirely possible. However, if $4,000 fails to hold, we could see a sharper pullback toward $3,800. For now, market sentiment is strong, demand is surging, and Ethereum’s path toward a new all-time high is wide open.