🚀🚀🚀 3 Signs That Forecast Ethereum Price is Ready to Hit $5,000

🚀 Ethereum's Strength Amid Market Crash
Following Bitcoin’s December 10 crash, altcoins suffered significantly, but Ethereum showed resilience, beginning its recovery. ETH’s rally to $4,000 hints at more upside, with three key signals suggesting it could soon hit $5,000.

📈 Rising Network Activity
Ethereum’s network shows strong user engagement. Network growth and active addresses have been climbing steadily, signaling fresh capital inflows. This trend highlights growing interest, even amid Bitcoin’s volatility, and points to a likely continuation of the uptrend.

🐋 Whales Keep Buying
On-chain metrics reveal whales have been accumulating ETH. Wallets holding between 1k-10k ETH grew from 13.2 million to 14.23 million, while those with 10k-100k ETH increased from 24.87 million to 24.97 million. Whales' confidence underscores their expectation of further upside for Ethereum.

💼 Spot Ethereum ETFs Gain Traction
After a slow start, spot Ethereum ETFs are now attracting investors. Inflows over the past three weeks have brought total net assets to $12.46 billion. With cumulative inflows exceeding $1.8 billion, further growth is likely, especially if the SEC approves staking for these ETFs.

📊 Technical Analysis: Path to $5,000
Ethereum faces resistance at $4,073, a level it has failed to surpass since March. Breaking this resistance could pave the way to its all-time high of $4,858. Long-term patterns, including a cup and handle and the Elliott Wave’s fifth phase, suggest further bullish momentum.

⚠️ Downside Risks
A drop below the $2,132 support level would invalidate the bullish outlook, potentially leading to a decline toward $1,000.