12h ago
Ethereum Tests 50-Day EMA as Whale Accumulation Backs $5,000 Technical Target
Ethereum has rebounded from the $2,700–$2,800 area and is testing the 50-day EMA, a resistance that has historically separated bullish breakouts from medium-term downtrends. Large holders have reportedly accumulated tens of thousands of ETH at profitable addresses, signaling a structural shift higher. Against that backdrop, $5,000 is presented as a realistic technical target rather than a purely speculative figure.