Ethereum at $4,700: The Smart Money’s Entry Point Before the Next Rally
Ethereum isn’t just holding steady at $4,700—it’s flashing a buy signal for traders who know where to look. Forget the noise; this is where institutional players quietly accumulate.
Why $4,700 ETH Still Matters
The price isn’t just a number—it’s a liquidity magnet. With Ethereum’s ATH in the rearview, this level acts as a springboard for the next leg up. DeFi protocols, staking yields, and layer-2 adoption turn ETH into a cashflow machine, not just a speculative bet.
The Cynic’s Corner
Wall Street still thinks ‘blockchain, not Bitcoin’—meanwhile, Ethereum’s ecosystem generates more real revenue than half the S&P 500. Funny how that works.
Bottom line: If you’re waiting for a ‘dip’ below $4k, you’re not reading the charts. This is the entry point.
Ethereum $4700: What It Means
Ethereum is currently sitting at the $4700 price level, as per the latest CMC data. The token has reached this milestone after maneuvering through multiple price barriers. Ethereum’s latest feat is the result of the rising institutional interest that the asset has been commanding as of late. ETH has become a center of new inflows and investments as companies continue to accumulate the asset at a rapid pace.
This accumulation is the result of the rising stablecoin speculation that may thrive on Ethereum, as the blockchain may become a perfect launchpad for the ecosystem.
Companies such as Bitmine and SharpLink have been showing rapid interest in the asset being busily accumulated by showing faith in the token’s future.
Ethereum is Stealing the Show
While Bitcoin is up +28% YTD, ethereum has surged ahead with a +41% rally and is showing no signs of slowing down.
Breakout on volume after months of consolidation.
$4,600 holding as support, signaling bullish continuation.… pic.twitter.com/wnD2Cb4WG3
At the same time, the asset is also surging primarily due to the Fed and expectations of the authorities finally announcing the new interest rate cut.
How High Is The Token Planning To Go?
Amid such intense bullish momentum, Standard Chartered has increased its yearly prediction for ETH to $7500:
Moreover, Fundstrat’s Tom Lee has predicted another bullish price level, stating how ETH can easily scale to $12000.
Tom Lee, the mastermind behind @BitMNR, went on CNBC, recreating the "this is my quant" moment from Wolrd of Wall Street movie, and set a $16,000 target for $ETH.
The fun thing is, his Quant made a mistake with the ratio data.
He said "ETH/BTC could go back to 2021 high, which… pic.twitter.com/sLKwhLQyMS
