ETH: Waiting Game or Incoming Breakout?
ETH is hovering at $3,701, still stuck under key resistance at $3,800. Price has pumped ~12% this week but now moving sideways. Derivatives data shows lack of conviction—funding rates are neutral, and no major whale longs piling in.
So what's holding it back?
Spot ETH ETFs are not seeing consistent inflows. After the hype, institutions are cautious. If that changes, ETH could rip past $4K fast.
But here’s the play:
This rangebound chop is perfect for short-term grid or bounce scalps, especially between $3,530 and $3,750. Don’t chase breakouts unless volume spikes.
Still holding spot? Be patient. Just manage risk—ETH has momentum, but no catalyst = no breakout.