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 ?
ETH definitely looks like it’s at a crossroads right now. On one side you’ve got the ETF narrative and institutional money flowing in, which is a strong long-term driver. On the other side, the leverage and whale activity you mentioned can easily cause a sharp shakeout before any bigger move.
For me, that’s why I always stick to the same approach: don’t chase hype, review the fundamentals, and avoid overexposure. Ethereum still has strong tech and adoption compared to most altcoins, but it’s not immune to corrections.
If it holds above support, we might see the next leg up. But even if we get another drop first, long-term ETH is still one of the few altcoins worth holding compared to the outdated or weak projects I’d rather rotate out of.