news 
Ethereum (ETH) Comeback Imminent? Key Reasons Why $5,000 Is Real Again
The Ethereum market has been experiencing a rising trend line, indicating that buyers are still in charge. This upward momentum suggests that the cryptocurrency may retest its recent highs and potentially reach new heights. According to technical patterns, it’s possible that Ethereum could rally towards $5,000, which would align with whales’ aggressive accumulation strategy.
While traders should keep an eye out for potential declines, a breakdown below $3,500 might indicate prolonged consolidation. However, volume profiles reveal that the market is performing well and buyers are entering when prices decline, which matches the whales’ actions. This suggests that they have faith in Ethereum’s ability to withstand market turbulence.
Recent events in the Ethereum ecosystem, including the BlackRock Ethereum ETF breaking charts, may also contribute to the cryptocurrency’s upward momentum. Additionally, Ripple CTO’s explanation of why XRP still matters could be a driving factor for increased investment interest.
For investors and traders alike, key levels should be closely monitored as any significant movement presents opportunities for both short-term trading and long-term holding.
Source: u.today
