ETH’s Lighting Up Daily Activity Explodes Ahead of Possible $5K Breakout
Ethereum’s mood today is electric. Not only is ETH up by a solid ~5%, it’s forming a classic bull pennant pattern while daily transactions hit fresh all-time highs.
Ethereum Sets Up for a Breakout
Coin World reports that Ethereum is showing a bull pennant on its daily chart a consolidation formation after a huge rally from under $2K to above $3.6K. If ETH can hold above $3,800–$3,900 with strong volume, it could be primed for a moonshot toward $5,000.
Meanwhile, network engagement has gone through the roof. Daily transactions recently averaged between 1.74 million and 1.87 million, nearing the all-time high of 1.96M thanks to surges in DeFi usage, stablecoin transfers, and institutional flows.
Layer all this on a 5% price gain (ETH now hovering around $3,806), and you’ve got institutional confidence and active demand rallying behind the rally.
Network activity is blazing, technical patterns hint at a breakout, and institutional demand is ramping up Ethereum is looking bullish. Just watch if it can hold key levels and break that pennant threshold.
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