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🪙 Ether’s chart suggests either a run to $5,000 or a 25 % p

abbasinoman714

Updated at: 11 hours ago

{"content":"🪙 Ether’s chart suggests either a run to $5,000 or a 25 % pullback Haven’t discussed ETH in a while. Right now I see two plausible paths; here are the arguments for each. Path to $5 K 🟡 Accumulation: From May 9 to June 20, price drifted quietly between $2,100 and $2,200. 🟡 Manipulation: Last Sunday, ETH briefly pierced below $2,200, sweeping stop-losses. 🟡 Distribution: Within 24 hours, price was back above $2,500. At the same time, spot ETH ETFs logged net inflows of 106,000 ETH (the seventh positive week in a row). Under the “Power of 3” model, the target sits above $5,000 — almost double today’s level. Headwinds to watch 🟡 Whale activity: One large wallet moved about $237 million in ETH from staking to exchanges, raising the risk of selling pressure. 🟡 Technical backdrop: On the two-week chart, ETH has dipped below the lower boundary of a long-term symmetrical triangle. In that scenario, downside targets cluster around $1,600 (roughly –25 % from current prices). Bottom line 🟡 Bullish case relies on steady ETF inflows and the idea that the “manipulation” phase is over — potentially clearing a path to $5 K. 🟡 Bearish case hinges on whales sending coins to exchanges and growing short interest, which could drag ETH first to $2,350 and possibly $1,600. The next few days should reveal which force wins out—fresh institutional capital or selling from large holders. What Do you Think Guys? $ETH {spot}(ETHUSDT) #ETH #Ethereum ","images":[],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}

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