Ethereum Price Prediction: ETH’s 22% Weekly Surge Signals $5,000 Target – What’s Next for Bulls?
Main Idea
Ethereum (ETH) has surged 22% in a week, reaching $4,300, with traders eyeing $5,000 as the next target, driven by retail sentiment, whale accumulation, and strong technical indicators.
Key Points
1. Ethereum's price rose 22% in a week, briefly hitting $4,300, its highest since November 2021, with $5,000 seen as the next target.
2. Retail investors are leading the rally, with bullish social media sentiment and FOMO driving new entries.
3. Whales and institutions accumulated 1.035 million ETH worth $4.17 billion between July 10 and early August, contributing to the price surge.
4. Technical analysis shows ETH breaking key resistance levels, with $4,533 and $5,000 as potential next targets if support levels hold.
5. Ethereum's supply growth is offset by staking, with 36.18 million ETH locked in staking contracts, reducing liquid supply and inflation pressure.
Description
Ethereum (ETH) has continued to rise, up 22% over the past week and briefly touching $4,300 for the first time since November 2021. This is the biggest rally in nearly three years and is driven by retail enthusiasm, institutional accumulation and a supply backdrop shaped by staking. With sentiment so bullish, traders are now looking at $5,000 as the next big target. $ETH IS ON FIRE Up 42% in the past month and smashing through $4.2K This isn’t just a pump… this is a statement. The bull run is he...
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