Key results:

• The activity of the Ethereum network increased by 63% within 30 days, strengthening the case with a direct breakthrough to 5000 USD.

• Open percentage of ether’s futures increased to $ 69 billion, which emphasizes the solid demand for leveled exposure.

Ether (ETH) was gathering to the highest level for almost four years on Friday, pulling $ 351 million liquidation from additional bear factories. The growth occurred after investors valued at a less restrictive monetary policy in the United States, in accordance with the comments of the chairman of the US Federal Reserve Jerome Powell. Will this rush finally push ETH beyond the $ 5000 barrier?

Nasdaq Rally Signals Renewed appetite on ETH and risk assets

The NASDAQ indicator, ponderous technology, increased by 1.8%, which suggests that investors drop aversion to risk and move away from a lasting income position. The ether has already gained 33% in the last 30 days, and three indicators now indicate further strength, potentially solidifying the ongoing bull. In connection with ETH trade above $ 4,800, there may be a breakthrough for up-to-date ups of all time in minutes or days.

Powell’s comments at Jackson Hole Economic Symposium have strengthened the expectations of many cuts of rates: “Exit perspectives and variable risk balance can justify the adaptation of our political position.” According to CME Fedwatch toolBond markets value 45% chances for drops to 3.5% or below March 2026, compared to 37% last week. Lower loan costs reduce financial pressure for companies, generally reducing system risk.

The ether also draws strength from growing activity on the website. Transactions in the Ethereum network have increased by 63% in the last 30 days, while energetic addresses have increased by 26%. For comparison, Solana managed only a 2% boost in transactions, with energetic addresses by 14%, according to Nansen data. Meanwhile, the BNB chain recorded a acute drop in the number of transactions by 50%.

While onchain indicators emphasize the growing activity, the Futures markets reveal a more cautious attitude. Futures ETH contracts usually trade with an annual bonus from 5% to 10% compared to local prices to take into account settlement delays. Currently, the monthly Premium Futures is 7%, compared to the bear 4% earlier this week.

Part of this hesitation results from comparisons with competitors. Both BNB (BNB) and the Throne (TRX) trade well above their highest highest in November 2021, while ETH is still fighting below the top $ 4,868. This gap emphasizes why some traders remain less enthusiastic, even among the sturdy bases of the network.

Related: Blackrock runs $ 287 million $ spot ETHER ETF. Impact of ETF after a 4-day drain series

Robust Futures ETH indicators strengthen the rally

According to Ja_Maartun, X, buyers of Futures contracts have not demonstrated this level of aggressiveness for over a month. The analytical company Cryptoquant follows this dynamics by measuring the volume of purchasing orders completed with sellers expecting offers, which is a signal of a growing belief.

Despite the recent liquidation of the bears, the total open interest in ether -term contracts remains solid at 14.4 million ETH, unchanged since the previous week. In terms of dollar, the ETH plants used are impressive $ 69 billion, reflecting constant demand for exposure.

This combination of increased Futures contract contributions, resistant open interests and developing onchain’s activity strengthens the case of a breakthrough, which suggests that a milestone of USD 5000 may arrive earlier than many traders.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.