Ethereum’s $4,100 Support Key for Potential Surge Above $5,000

The key to Ethereum’s potential move above $5,000 lies in maintaining the crucial support level of around $4,100. Analysts note that this level has acted as a strong anchor for the price, potentially signaling bullish momentum and setting the stage for future gains. 10.3% of Ethereum’s total supply is now held by institutional investors, a record high, indicating growing confidence in the long-term value of ETH.