🚀 Ethereum Explodes: $40BN Daily Trading Volume Propels ETH to 4-Year High

Ethereum isn't just mooning—it's rewriting the playbook. With trading volumes smashing past $40BN daily, ETH just hit its highest price since 2021. Forget 'slow and steady'—this is crypto's version of a fighter jet launch.

Why the frenzy? Institutional money's finally playing catch-up, DeFi's eating traditional finance's lunch, and let's be real—tradFi bros are desperate not to miss another Bitcoin-style rally. (Too late?)

The kicker: This surge comes despite Wall Street's 'crypto winter' predictions. Who needs their approval when you've got a blockchain that actually does something besides hoarding value?

One thing's clear: Ethereum's not just surviving—it's thriving while the old guard scrambles to keep up. The future's being built on-chain, and ETH's holding the blueprint.

Crypto trader @CryptosBatman on X emphasized the importance of ETH’s breakout above the $4,000 level and highlighted that it marked the end of a bearish sideways consolidation phase.

the pseudonymous user commented.

The crypto community as a whole echoed this bullish sentiment toward ethereum as TedPillows, also a well-known character in this space, said that the top altcoin was “the fastest horse to bet on” at the time.

Meanwhile, data from Farside Investors shows that net inflows toward ETH managed to end the week on a strong positive note with $253.2 million being poured into these vehicles despite Monday’s and Tuesday’s outflows of $500 million.

Weekly Breakout Favors Move to $5,000 for Ethereum

Last week’s bullish breakout is significant from a technical standpoint as ETH had retreated off the $4,000 area three times already in the past year and a half.

Trading volumes last week exceeded the average, which further confirms the importance of the move.

The 9-week exponential moving average (EMA) has sent a buy signal upon crossing the 21-day EMA. The last three times that this buy signal popped up in this low time frame, ETH delivered gains of 30%, 104%, and 19%.

Since this last buy signal showed up in the weekly chart, ETH has surged by 67%. If Ethereum doubles as it did in one of those previous occasions, we could see it rising to $5,000 before the next big correction.

If that target is hit, that would mean a 16% upside potential for the top altcoin from its current levels. The improvements that the Pectra upgrade brought forth to the network’s functioning justify a bullish outlook and make Ethereum the next crypto to explode.

The Relative Strength Index (RSI) is already nearing overbought levels, which increases the odds of a pullback. However, it seems too early to call a top for ETH as the oscillator could still MOVE to higher territory.

Meanwhile, as bitcoin gets closer and closer to its most recent all-time high, one of the hottest crypto presales of this year, Bitcoin Hyper (HYPER) could explode once its layer-2 chain is launched.

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As top wallets and exchanges embrace the Bitcoin Hyper L2, the demand for this token should explode.

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