As per AMBCrypto, Ethereum (ETH) is building momentum toward a potential $5,000 breakout in Q4, driven by strong on-chain flows, record stablecoin supply, and a tightening ETH supply. The price is currently testing key support at $4,500, with two higher lows in recent weeks reinforcing bullish sentiment. Stablecoin supply on Ethereum hit $172 billion, up 44% this year, while TVL rose 6.37% to $167 billion. Exchange reserves have dropped to an eight-year low, and $1.3 billion flowed into Ethereum ETFs, signaling a supply-demand squeeze. Despite Bitcoin's traditional Q4 dominance, ETH is gaining traction with a 9% weekly rally supported by solid on-chain fundamentals.
Ethereum Eyes $5,000 as On-Chain Flows and Stablecoin Growth Fuel Q4 Rally
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