🪙 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}