How are ETH bulls positioned after Ether’s 17% weekly gain?

Ether’s chances of breaking above $5,000 depend on institutional accumulation, but rising competition and muted derivatives metrics keep investor sentiment restrained.

Key takeaways:

Ethereum’s $100 billion TVL leadership contrasts with falling activity, as competitors gain traction through lower fees.

Institutional accumulation via spot ETFs and corporate reserves may trigger an Ether supply shock above $5,000.

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