Ethereum is showing multiple bullish signals that could lead to a breakout towards $4000, supported by strong on-chain activity and growing institutional interest.
The ETH price is consolidating just below a key resistance zone, forming an ascending triangle pattern on the daily chart with positive momentum oscillators.
Ethereum's network fundamentals, including declining ETH supply on exchanges, increasing staking participation, and rising whale activity, support the bullish rally.
Ethereum's technical strength, coupled with low exchange reserves and rising institutional investment flows, suggest a potential upside move for the cryptocurrency.