🚀 Ethereum's price is on the rise following ETF approval, but it's yet to surpass recent highs.

📈 Daily analysis shows the price broke a big descending channel in May and has been chilling between $3,6K-$4K. The RSI is still above 50%, hinting at a possible climb past $4K.

⏰ On the 4-hour chart, things have been a bit rocky. The market's flirted with $4K a few times but hasn't quite made it. However, the RSI has just popped above 50%, suggesting a bullish shift. $4K breakout soon?

🔍 Behind the scenes, the ETH exchange reserve (total ETH in wallets) has taken a nosedive below its 30-day average. This could mean accumulation is happening as the market gears up for a rally.

🎉 Less supply could be a bullish sign for ETH.

🥳 Could we see a rally to $4K? What's your take? #ETH #DeFi #Bullish 🚀📈