ETH Breaks Free After 500 Days: Eyeing $4,800 and Beyond

Ethereum Following Bitcoin Bull Path

  • ETH breaks free after 500 days, surging past $4,000 on strong corporate demand.
  • Regulatory clarity boosts staking ETFs, attracting major firms like BlackRock and Fidelity.
  • Key resistance at $4,100; successful breakout targets $4,800 and potentially new all-time highs.

Ethereum’s ETH has shattered the chains of a 500-day consolidation. After months of sideways movement, ETH surged past the $4,000 mark, sparking excitement across crypto circles. This breakout marks a turning point, fueled by an influx of demand from big players treating Ethereum like a digital treasure chest. With momentum building, the question isn’t if, but when ETH will target $4,800 and climb even higher.

https://twitter.com/DrProfitCrypto/status/1954116975614902365

Corporate Demand Fuels Ethereum’s Ascent

Ethereum’s leap past $4,000 surprised many who expected more hesitation. Public companies are buying ETH aggressively, turning it into their go-to treasury asset. This wave of corporate buying breathes life into the market, pushing prices upward with unstoppable force. Since June, some firms have snapped up nearly two million ETH through billions in debt and equity offerings. Big names like Fundstrat’s Thomas Lee-backed BitMine Immersion and Joe Lubin’s SharpLink Gaming lead the charge. Their moves show serious confidence in Ethereum’s long-term value.

Geoffrey Kendrick from Standard Chartered predicts treasury holdings could soon claim 10% of ETH’s entire supply. That’s a seismic shift in ownership that could redefine the asset’s future. Meanwhile, US regulators handed Ethereum a gift. The SEC confirmed that liquid staking doesn’t break securities laws. This opens the door for staking inside ETH ETFs, which top firms like BlackRock, Fidelity, and Bitwise eagerly await. With regulatory clouds clearing, institutional interest may surge further. The rally has gained strength as ETH overcame resistance levels around $3,470.

Eyes on $4,800: What Lies Ahead

Ethereum now stands at a crossroads. Breaking above $4,100 could ignite a powerful rally toward $4,500. If that resistance falls, the path to the all-time high near $4,868 clears. The climb may resemble a rocket preparing for liftoff—charged, tense, and unstoppable. Still, Ethereum needs to hold support at $3,470. Falling below this level risks sliding back toward the $3,000 psychological floor. That would hurt bullish momentum and invite short-term sellers.

Technical indicators add nuance: the Relative Strength Index approaches overbought territory, and the Stochastic Oscillator has hovered there since June. These signals hint at possible pullbacks before the next big surge. But even if Ethereum pauses, the bigger story remains intact. The breakout ended nearly a year and a half of trading in a narrow range. This consolidation forged a spring-loaded tension that now unleashes upward energy.

Ethereum’s breakout seems like a long-caged lion finally freed, ready to roar higher. With major companies betting big and regulatory barriers easing, ETH’s future looks bright. Eyes turn to the $4,800 target, a milestone that would confirm the breakout’s strength. Beyond that, fresh highs could lie ahead, fueled by growing adoption and investor trust.


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