Ethereum's spot market outlook? Still pretty dynamic. Analysts keep eyeing that $6,000 target. Ambitious, right? There's this resistance around $4,450 to $4,500 though. Kind of a sticky point.

Break above that? Things could get interesting. We might see moves to $4,593, maybe even $4,729. And then? Who knows, maybe that $6,000 isn't so far-fetched.

On-chain data's showing something curious. Big holders are accumulating. Bullish vibes, you know? Seems like they're pretty confident, even with all the price choppiness.

Technically speaking, Ethereum might be doing this Wyckoff thing. It's not entirely clear, but it could mean a breakout's coming. Fibonacci analysis? It's pointing to $6,000-$6,750. If $4,400 holds, we might be in for a ride.

Fundamentally, things look solid. Institutional money's flowing in. Supply's getting tighter. Less Ether on exchanges. Could make things interesting price-wise.

It's kind of like déjà vu from previous cycles. Demand up, supply down. Recipe for a rally? Maybe. Some folks think it could push us to $6,000. But hey, the spot market's still a bit shaky.

So, what's the deal? Short-term, it's a bit of a rollercoaster. Long-term? The outlook's pretty bullish. People are watching those resistance levels like hawks. Waiting for that breakout signal. It's an exciting time in the Ethereum world.