Ethereum Nears $5K as Whales Accumulate; Eyes $10K Breakout
Ethereum is trading near the $5,000 resistance as on-chain data reveals significant whale accumulation and renewed retail participation. Analysts highlight demand zones between $1,000 and $2,000 that supported ETH during bear markets and point to a bullish higher-timeframe structure. Clearing and retesting $5K as support, alongside rising volume and positive RSI/MACD signals, could trigger a swift advance toward $10,000. Institutional investment is also rising, adding liquidity and reducing volatility. Traders should monitor the $4,800–$5,000 breakout zone, support at $4,000, and on-chain metrics such as large-wallet transfers to confirm momentum. Projections under bullish scenarios see Ethereum reaching $10K in the current cycle and potentially above $13,900 by mid-2027, though these targets depend on sustained network upgrades and macro liquidity.
Bullish
Ethereum’s approach to the $5,000 resistance, backed by long-term whale accumulation and growing institutional inflows, presents a bullish setup. Historically, decisive breaks above major round numbers have led to accelerated rallies, and indicators such as rising volume, RSI, and MACD support a positive bias. Short-term, a confirmed retest of $5K could spark rapid gains toward $10K. Long-term accumulation since 2018 and increasing enterprise adoption reinforce the likelihood of sustained upward momentum. This mirrors past cycles where firm support at key levels preceded multi-thousand-dollar gains.