Ethereum's bullish momentum has sparked significant excitement, with its price trajectory suggesting a potential rise toward $6,000. Recent data indicates strong accumulation trends, with over 20 million ETH being held by more than 20 million addresses, signaling heightened investor confidence, particularly from institutional buyers and long-term holders. This surge in demand, coupled with a supply squeeze, could exert upward pressure on Ethereum's price. Technical patterns also support the bullish outlook, as Ethereum's chart forms an inverse head and shoulders pattern, with a breakout above the $4,000–$4,200 neckline potentially triggering a sharp rally. Historically, Ethereum has posted impressive gains following U.S. election years, and with increasing adoption and network strength, it is poised for further growth. As Ethereum eyes the $6,000 milestone, investors and market watchers are closely monitoring key resistance levels and macroeconomic factors that could drive its continued ascent in 2025.

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