Ethereum (ETH) is showing strong bullish momentum, recently testing higher resistance zones as investor confidence in altcoins grows. 📈

New High Potential: ETH is targeting a breakout above recent resistance near $3,400–$3,600. If momentum continues, ETH could push toward $3,800–$4,000 in the coming weeks.

Support Levels: Strong support sits around $3,000–$3,200, where buyers are actively defending dips.

Catalysts:

Ethereum ETFs gaining traction in the U.S. and other markets.

Increased adoption of Layer-2 networks (Arbitrum, Optimism, Base) reducing gas fees and improving scalability.

Strong on-chain activity in DeFi and staking, with more ETH locked.

Risks: Macro uncertainty, Bitcoin volatility, and potential regulatory pressure could slow ETH’s move to a new high.

🔑 Outlook: If Bitcoin continues its uptrend and ETH maintains strong demand, a new yearly high above $4,000 looks achievable, with long-term potential toward the $4,500–$5,000 zone.

Would you like me to make a short support & resistance chart for ETH’s new high targets?

#ETH REACHES 5K$# #Token of Love: Cheer on Square & Win Tickets# #Institutions Hold 10M+ ETH#