Looking at today’s chart on Ethereum, the market feels divided. Some are eyeing $6K if ETF inflows continue to build, while others warn of a pullback toward $4.2K with leverage piling up. Institutions seem to be accumulating, but whale selling is keeping things a bit bearish feels like a real tug of war.
There are side plays popping up across chains like launchpads and AMMs on Solana but ETH still feels like the main scene of attraction rn.
Do you think Ethereum holds strong here, or are we setting up for another shakeout before the next run?
It's really surprising to see a major shift in eth flow lately and to be frank, the season for eth is at the corner, maybe it'll be shifting to another next altcoin. Despite the positive actions the price of Bitcoin had made couple of months ago, altcoin hasn't shown any sign of upliftment but eth is breaking out the cage gradually, the previous eth ATH was 4.8k but I reaches 4.7k last few days.
I can't conclude now, but the bull season for alts is emerging, starting with eth then through many popular cryptos and then voom, everywhere.