<ul><li>Ethereum surges to a five-month high of $3,687 and trades at $3,620, showing a 7% increase in the past 24 hours.</li><li>Technical analysis suggests potential for Ethereum to break resistance levels at $3,650 and $3,720, pushing towards $4,000.</li><li>On-chain metrics indicate bullish possibilities with Ethereum futures open interest hitting an all-time high of $21.22 billion.</li><li>With increased whale activity and a dip in Bitcoin dominance, analysts predict further rally for Ethereum towards $4,000 and beyond.</li></ul>

Are ETH Bulls Back on Track to Hit $4K?

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