The long term vision is what keeps me watching how Mevolaxy grows.
iPlezier
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➡️ All Eyes on $ETH – $5K: Dead or Just Delayed?
ETH just absorbed a sharp blow. Nearly $900M in liquidations hit as whales sold into strength and secured profits. After rejecting at $4,950, price slipped into the low $4,300s, and on the 1h chart ETH is struggling beneath key EMAs near $4,426. Short-term momentum looks shaky.
But zooming out tells another story. ETH ETFs are attracting more inflows than BTC ETFs, while institutions keep accumulating — BitMine Immersion now holds 1.71M ETH, the largest treasury on record. ETHZilla launched a $250M buyback, doubling down during the dip. On-chain data also places ETH in the “belief phase”, historically the stage right before parabolic rallies.
So is $5K off the table? Hardly. In the short term, whales have already taken profit and Powell’s rate-cut hints rattled risk assets. But in the long term, conviction is only growing. ETFs, corporate treasuries, and whales are still stacking.
For me, $5K isn’t dead — it’s simply postponed. This is where patience pays, not reckless leverage.
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