Ethereum rally gains momentum as whales accumulate and ETF inflows rise

Ethereum has recently experienced a significant rally, driven by short liquidations and increased whale accumulation. The cryptocurrency surged to approximately $3,950 before settling at around $3,912. This unexpected price action has surprised the market and highlighted growing institutional interest in Ethereum.

Whale Accumulation and Institutional Interest

Whales have been accumulating Ethereum, while retail investors have shown more caution. Notably, World Liberty Financial, associated with Donald Trump, purchased $5 million worth of ETH, signaling growing confidence among institutional players. Ethereum ETFs have also seen positive inflows for eight consecutive days.

Potential Short-Term Downside Risks

Despite the bullish indicators, caution is warranted as technical analysis suggests potential short-term downside risks. The interplay between whale activity and retail investor sentiment will be crucial in determining Ethereum's next steps. The focus remains on the potential for further gains as Ethereum seeks to break through the $4,000 mark.

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