Ethereum Hits $4.7K 💎 – Accumulation Sparks Next Bullish Leg 📈
$ETH Ethereum (ETH) is showing strong bullish momentum after smashing through the $4,700 barrier. Recent weeks have seen significant accumulation, with over 1.7 million ETH purchased in the $4,600–$4,700 range by wallets with no selling activity, highlighting strong investor confidence.
Exchange inflows are dropping, indicating more stockpiling than selling. ETH withdrawals are now processed at an average cost basis of $4,300, forming a robust support zone. Maintaining the $4,300–$4,400 range is critical to sustain upward momentum.
$ETH Analysts note that Ethereum’s Realized Price Upper Band near $5,200 remains a key resistance. After hitting a recent all-time high of $4,956 on August 24, ETH may consolidate or correct if it fails to break this upper band.
The long-term bullish case is reinforced by:
Rising institutional and corporate accumulation
Growing whale activity
Increasing staking participation
Expanding smart contract adoption
With these fundamentals, ETH is positioning for a potential push toward its next all-time highs, signaling one of the strongest market cycles in recent years.
👉 Follow
@amdRaTan for real-time crypto insights, analysis, and the biggest opportunities in the altcoin space.
#Ethereum #ETH #ETH4700 #CryptoAccumulation #ETHWhaleWatch