Ethereum Could Surge to $5,500 after Breaking $4,700 and $4,400 Support

Ethereum’s price is showing signs of a potential surge towards $5,500. A recent chart analysis suggests a bullish pattern emerges from recent price action. The technical pattern hints at a bounce back to $4,400 before breaking out into Wave 3 and achieving the target of $5,500. This bullish scenario is being fueled by the recent breakout above $4,700, driven by ETF inflows and increased whale activity.