$ETH Can't move? Smart money has quietly bottomed out, with a year-end target of $5,000!
ETH has dropped from $3,000 all the way down to $2,500. It seems like a crash, but in reality, it's just smart money creating panic through a washout. On-chain data shows that whale wallets have been continuously accumulating in the $2,300–$2,500 range, with over 80,000 ETH purchased in just 48 hours, equivalent to about $200 million.
There are three main reasons: First, the Federal Reserve has shifted to a dovish stance, inflation is easing, and a weaker dollar is favorable for ETH; second, the upcoming EIP-7702 and Danksharding tests for Ethereum are progressing smoothly, releasing positive signals for scalability; third, the crypto market is entering the pre-election phase in the U.S., where crypto policy will become a focal point in the campaign, and ETH is the biggest beneficiary among 'non-Bitcoin' assets.
From a technical perspective, ETH has just completed an ABC corrective wave. If it holds above $2,500, a new wave of major upward movement will commence. If it stabilizes above $2,700, reaching $3,000 will just be a relay, and heading straight to $5,000 by year-end is not a fantasy but a consensus driven by structural factors.
