📉 $ETH drops by 5.3% this session but institutional flow remains strong
Current price and technical structure
Current price: USD 4,303.89
Intraday range: USD 4,236 – USD 4,563
Ethereum suffers a notable correction after reaching an intraday high close to USD 4,560, remaining within a medium-term uptrend channel. It is currently testing the support zone around USD 4,200 – 4,300.
Key factors
Market correction: Crypto assets have lost value, pushing the total capitalization below USD 4 trillion, affecting ETH along with BTC.
High volatility: Traders should watch for possible liquidations if ETH breaks below USD 4,200, where significant long positions are concentrated.
Whale accumulation: Despite the downward pressure, a major whale acquired ETH worth USD 17 million (approx. 1,860 ETH) amid the decline, which could reflect a resting accumulation strategy.
Technical level of the day
Current support: USD 4,200–4,300
Resistance: USD 4,560
Key zone: A consolidation above USD 4,300 could trigger a bounce towards USD 4,560, while a persistent drop below USD 4,200 could increase downward pressure.
Institutional outlook / macro view
The current correction occurs in a context where institutional interest remains active. Even with the drop, accumulations from large investors like whales show that ETH still evokes confidence as a store of value and potential yield.
Do you consider this correction an opportunity to accumulate ETH or would you prefer to wait for an upward confirmation above USD 4,300? Let us know below 👇
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