• ETH has risen to $4,700.53 (weekly gains of 11.7%), approaching its all-time high of $4,891.70 with a daily trading volume of $65.19 billion
• The market capitalization reached $567.69 billion with mixed technical signals: the MACD indicator is bullish but the RSI indicator is in the overbought zone, suggesting a potential correction
• The main resistance is at $4,688 with expected targets between $5,000 - $8,000 by late 2025
Growth catalysts
• Provided regulatory clarity from the "crypto project" and stablecoin frameworks reduced institutional hesitation
• Improvements in Layer 2 solutions (Optimism, Arbitrum) enhance scalability and reduce fees, attracting developers
• Open interest in ETH futures contracts reached a record level, indicating strong expectations in the derivatives market
• Exchange-traded fund inflows provide significant support for cash and drive sustainable upward momentum
Strategic considerations
• The market community's optimism rate reached 91.7% with the fear and greed index at 68 ("Greed")
• Strategic entry opportunities may appear during pullbacks to the support range between $4,300 - $4,500
• Risk management is crucial given the high activity in futures and the potential for short-term corrections