Ethereum Surpasses $4,000: Analysts Suggest Potential for Further Gains Amid Declining Exchange Supply

• Ethereum cleared $4,000 after seven rejections, reaching $4,537.76 with a 29.77% surge in its breakout candle.

• Exchange balances dropped to a nine-year low of 14.88M ETH, with $2B withdrawn in just one week.

• Analysts see potential upside toward $7,000–$11,000 as $4,000 flips from resistance into support with growing demand.

Ethereum’s recent breakout above $4,000 signals a bullish trend, with analysts projecting significant price increases. Stay informed with the latest updates!

What is Ethereum’s recent price breakout?

Ethereum’s recent breakout above $4,000 is a significant milestone, marking a decisive shift in its market dynamics. This Ethereum surge follows multiple failed attempts, showcasing strong buyer interest and potential for further growth.

How does the exchange supply impact Ethereum’s price?

The decline in Ethereum’s exchange supply is crucial for its price trajectory. Currently, exchange balances are at a nine-year low, indicating reduced selling pressure. This trend often correlates with price increases, as fewer tokens are available for immediate sale.

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