Ethereum Nears Breakout as Network Activity Hits Record — Watch $4,750

I see Ethereum rallying toward its 2021 high near $4,800, supported by record network activity (≈1.875M daily transactions) and sustained exchange outflows linked to spot ETF demand.

That convergence places ETH at a clear decision point: a breakout above $4,750–$4,800 with sustained volume could begin price discovery, while sellers defending the zone may trigger consolidation or a retracement toward ~$3,950.

I’ll wait for either a confirmed breakout on strong on-chain volume or use any meaningful weakness to scale in, while monitoring SMA30 exchange flows for trend confirmation and keeping risk tight around the support zone.