Ethereum Near ATH — Flows Strong, Breakout May Take Weeks
I think Ethereum is in a bullish longer-term setup but may need more time before a clean breakout to a new all-time high. The token climbed within a few percent of its ATH after a 215% surge since April, then paused — a normal consolidation after rapid gains.
Institutional demand looks constructive: record spot ETF inflows, rising corporate holdings and improving narratives make higher prices plausible if flows persist. Retail skepticism could ironically add fuel if institutional buying continues.
In the near term I expect choppy action or a short consolidation; I’m monitoring ETF inflows, on-chain metrics and breakout volume. I’d prefer to watch for a confirmed breakout or buy on clear weakness rather than chase immediate upside.
Analysis
Recommendation
Watch ETF inflows and breakout volume; avoid chasing immediate upside. Consider buying on weakness or after a confirmed volume-backed break above the ATH, and use stops for short-term trades.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.