Watch Ethereum: Whale Flows and Institutional Moves Signal Caution

I see a mixed market: BTC and ETH reached new highs but are pulling back, while the Fed is signaling potential rate cuts later this year. That macro backdrop could support risk assets, but near-term volatility is elevated.

On-chain and institutional flows are notable: a 7,000 ETH sale by a major holder contrasts with BitMine adding 28,650 ETH, and firms are advancing crypto infrastructure and products (Dogecoin ETF filing, Galaxy financing, Mysten Labs hire, Gemini IPO). These moves point to continued institutional activity despite short-term noise.

I remain cautious and focused on monitoring flows, ETF/SEC developments, and consolidation levels before increasing exposure. I am not recommending large new positions right now but will watch for weakness or clear breakout confirmation.