🚨 Ethereum Pulls Back From $2.8K – But Don’t Panic Yet! 🧘‍♂️

🐋 Whale Moves Sparked Fear

Ethereum [ $ETH ] slipped from $2.8K after a whale deposited 10,195 ETH (worth $25.67M) to Kraken—usually a sign of selling intent. Coupled with rising Taker Sell Volume, short-term sentiment took a hit.

📉 But Buyers Are Still in Control

Despite the drop, CryptoQuant data shows taker buy volume still dominates, signaling bulls haven’t backed down. Spot taker CVD remains green and rising, hinting that buy pressure outweighs sell-offs.

📊 Lack of Retail = Early Bull Phase

Analyst Burrak Kesmeci notes retail activity hasn’t exploded like in past local tops (e.g., March 2024 or Dec 2024). That means ETH might still be in the early stages of a larger uptrend.

🧠 Low Volume ≠ Major Dump

The recent run from $1.7K to $2.8K came with reduced volume, and no signs of overextended profit-taking. This makes a deep correction unlikely—a shallow retracement is more probable.

💡 Bottom Line: While whales stirred short-term fears, Ethereum’s underlying momentum remains bullish. Don’t let the pullback shake your conviction just yet.

⚠️ Disclaimer:

This post is for informational purposes only and does not constitute financial advice or endorsement.$ETH