#ETH5kNext?

Ethereum’s sharp climb toward the $5,000 mark is looking increasingly realistic as bullish momentum continues to accelerate. With the current price at 4,692.09 USDT and a daily gain of over 9%, ETH has not only broken past key resistance levels but is also trading well above its short-, mid-, and long-term moving averages. This technical strength, combined with surging trading volume exceeding $4.6 billion in 24 hours, reflects heightened market enthusiasm and sustained buying pressure from both retail and institutional participants. The recent test of the 4,715 USDT resistance suggests that the market is edging closer to a decisive breakout that could set the stage for a push toward the psychological $5,000 milestone.

If the momentum continues and ETH secures a daily close above 4,720 USDT with strong volume, it could trigger a wave of FOMO buying, accelerating the climb toward $5K. On-chain activity and derivatives data point to growing long positions, indicating that traders are positioning for further upside. However, as with any parabolic move, volatility is likely to spike, and profit-taking phases could create short-term pullbacks. For now, the trend remains firmly in favor of the bulls, and $5,000 is no longer just a distant target—it’s becoming a near-term battleground for Ethereum’s price action.