Ethereum Eyes $5,000 Milestone with Critical Support at $4,400

Ethereum has been trading within a wide consolidation zone, with analysts anticipating its next significant breakout. Key points include:

Ethereum's recent price action fluctuated between $4,100 and $4,800, highlighting the choppy market.
The critical support level is set at $4,400, aligning with the 200-day Moving Average on the 4-hour chart.
This support level coincides with strong accumulation levels, indicating buyer control as long as ETH maintains above it.
Bitmine Immersion Technologies, Inc. (BMNR) continues to add to Ethereum positions, albeit at a slower pace.
ETH's dips below $4,500 have been short-lived, reinforcing its consolidation range.
Daan Crypto Trades suggests that maintaining above $4,400 could lead to new all-time highs.
With resilience in the market, Ethereum might soon retest its previous all-time high of $4,868 and potentially surpass $5,000.

The cryptocurrency's structure appears stable despite short-term volatility, suggesting a potential upward momentum if conditions remain favorable.