ETH Bullrun Tests Early Distribution — Watch for Confirmation

I see Ethereum's extended bull run running into early signs of selling pressure during the Asia morning session. Price advances are meeting profit-taking and heavier exchange inflows, suggesting some short-term distribution.

On-chain and volume signals look stretched: rallies show weaker breadth and rising transfers to exchanges, which often precede pullbacks rather than sustained breakouts. I’m watching for confirmation rather than assuming the uptrend will continue uninterrupted.

I will wait for a clear retest of nearby support or a pick-up in buying volume before adding materially. If you’re a long-term holder, size positions carefully and use stops or staggered entries to manage risk.