Ethereum Breaks Through $4,500 Barrier, Unleashing Bullish Momentum

Ethereum’s recent surge is gaining momentum as key indicators point to potential breakout. Following the Pectra upgrade, ETH’s Realized Cap has risen by a significant $3.8 billion, indicating renewed investor confidence. This increase coincides with a historic low in exchange supply (less than 4.9%) and the formation of an Ethereum Golden Cross, according to expert Crypto Patel, who forecasts potential rallies to $3.8K-$5K targets. This confluence of technical signals suggests that a significant price movement is possible.