minito18

Ethereum just climbed to a new intraday high ($ETH 4715 today), fueled by strong institutional demand and ETF inflows. Over $2.3 Billion poured into spot ETF's over the last six days, creating powerful buying pressure.Trader's aren't just watching they're wagering. More than $5 Million in a call options were purchased with strike prices at $5,000, expiring by the end of September. That's serious conviction.Supply is tighting fast. Ethereum reserves on centralized exchanges have plunged to historical lows, while derivatives open interest surged to new highs, two classic signs of an overheated bull run ready to break out.Corporate giants are stacking ETH, Bitmine, Sharplink Gaming, and others new hold billions in the ETH reserves, further constraining circulating supply and amplifying upward pressure. The macro tailwind are strong. A softer inflation print boosted hopes for a Fed rate cut, and regulatory clarity (e.g the Genius Act) and ETF approval countie to brighten Ethereum's adoption outlook.So will ETH hit the $5,000 mark moments away?Everything is being aligned based on technical momentum, investor optimism, and shrinking supply. A clean breakout above $4,800 could unleash the next leg toward $5k. But be mindful about overbought conditions could spark a brief pullback.
What's your play? Are you eyeing $5000 or beyond?
#ETH5kNext? #ETHRally #ETHOvertakesNetflix #CreatorAward #creatorspad