#ETH Hits 4800# #ETH#

ETH to $4800? Why I believe the bull market has just begun.
Ethereum is showing strong signs that it may soon break through the $4800 mark. We have seen ETH steadily rise from a recent low of $2300, and it is now trading above $3700 with strong momentum. The chart has formed a clear upward channel, and ETH has been respecting all key support levels, particularly the 20-day and 10-day exponential moving averages. This is often a sign that the trend remains healthy and that buyers have not retreated.
But it's not just that the charts look strong. Ethereum is not only supported by its price. The number of active wallets is increasing, and we see continuous withdrawals from exchanges. This means more people are choosing to hold ETH instead of selling. When people transfer their ETH to cold wallets, it usually indicates that they expect the price to rise in the future.
My personal strategy is quite simple. When the price touches the lower part of the channel or approaches the 10-day EMA, I will buy on the pullback. I am not trying to catch every fluctuation but rather focus on strong entry points. My plan is to take profits around $4200 and $4500, and finally at $4800. If ETH can stay above $3650, I believe we have a real chance to see a move towards $4800 this quarter.
Ethereum is also supported by real fundamentals behind its growth. With the launch of ETH 2.0, the network's gas fees have become more stable, and more people are using the network again. We are also seeing a return of more DeFi projects, and NFT activity is gradually picking up. ETH continues to be the core of the crypto world, typically following Bitcoin closely in each bull market cycle.
So can Ethereum reach $4800? I believe it can, not just because of charts or hype, but due to strong use cases, growing community support, and long-term demand. As long as trading volume remains healthy and we do not lose the trend line, $4800 is not far off.