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David Tevzadze
David Tevzadze

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🚀📉 Is Ethereum’s $3K Rejection a Spark for $ETH ’s Next Breakout? 🔥

⚡ Rejection or Setup?
ETH fell 2% after hitting $3,000 resistance, triggering $82M in long liquidations—nearly 80% of the day's wipeouts. Despite this flush, Open Interest barely moved, hinting traders are holding tight.

💰 Spot Demand Surges
ETH ETFs saw $260M inflows in four days, topping $1.1B total—the strongest run since last July. It’s clear someone’s buying while retail hesitates, potentially front-running the next big move.

📈 Whales Tighten Grip
Ethereum’s strategic reserves just crossed $4B, with 1.11% of supply held by 50 entities. BlackRock’s fresh $150M buy boosts confidence, suggesting big players are betting on ETH’s next breakout.

🔄 Capital Rotation in Play
ETH/BTC ratio is turning green as BTC struggles below $122K, signaling capital rotation. BTC’s OI fell 3.7%, while ETH’s stayed more stable—hinting ETH could lead the next rally.

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