Ethereum Dey Retrace Reach 21-Week EMA Despite Whale and ETF Flows
People wey dey analyze market dey expect say Ethereum go fallback reach the 21-week EMA wey dey near $3,500 before e go continue to climb. Even though last week spot ETF gather about 286,000 ETH and one big whale buy $1 billion worth, the chart patterns still show say e fit drop small. One big whale don buy and stake total of $3.5 billion in ETH, so e tight supply wella. Benjamin Cowen analysis show say from historical cycle, ETH go test the 21-week EMA small before e bounce higher. Traders dem suppose dey watch the 21-week EMA for support and also dey track the ongoing ETF inflows plus whale staking to sabi how far e fit fall. This small pullback for Ethereum fit be better chance to buy if key levels hold, but if e drop below $3,500 e fit mean say bigger correction dey come. Make sure say you manage risk well with stop-loss orders dem wey clear.
Neutral
Di article dey highlight say Ethereum fit do small short-term pullback go 21-week EMA for around $3,500, but plenty whale dem dey buy plus strong spot ETF inflows dey balance am. Benjamin Cowen and others observe say historically, ETH dey always retest this EMA before e continue to go up again. Whale accumulation plus staking (≈$3.5 billion) and 286,000 ETH ETF inflows dey tighten supply and make downside small. Traders suppose prepare for retracement, but strong on-chain demand and technical support suggest say any drop fit shallow. This mixed signal—temporary correction vs solid support—show neutral near-term impact, plus possible bullish sign if key levels hold.