$ETH ETH is trading at $3,674 today—are we on the verge of a massive breakout? Here’s why bulls are excited!
🔥 Why Ethereum Is Gaining Momentum.
📈 Price Surge: $ETH hit $3,687, its highest in six months, with analysts eyeing $4,500 as the next resistance level. A breakout could lead to even higher targets.
💡 Short Squeeze Alert: Over $835M in short positions could be liquidated if ETH passes $4,000, potentially triggering a rapid rally.
🌐 Layer 2 Boom: Ethereum’s ecosystem is thriving, with $51.58B locked in Layer 2 networks like Arbitrum and zkSync.
📊 What’s Next?
A potential ETF approval and on-chain supply squeeze are setting the stage for Ethereum’s price to surge to $10K in 2025.
However, RSI indicators suggest caution, with a chance of minor pullbacks before breaking resistance.
Your Turn!
👉 Do you think Ethereum can sustain its rally to $10K, or will resistance slow it down? Drop your take in the comments!
