Ethereum Pullback Ending as Fundstrat Eyes $5,500 Rally
Ethereum has experienced a three-wave pullback after climbing to $4,750, and ETH currently trades near $4,331. Fundstrat’s MD Mark Newton expects the ETH pullback to end within days around the $4,200 support zone, paving the way for a $5,500 rally. This Ethereum pullback phase has offered buy-the-dip chances before fresh bull momentum arrives. Analyst Benjamin Cowen cautions that sideways action may persist until firm bull-market support arrives, while CoinW’s Nassar Achkar points to Fed easing and technical setups as catalysts for upside. On the institutional front, Grayscale has deposited hundreds of millions in ETH into the Beacon Chain and Bitmine added 23,823 ETH, underlining strong conviction. Traders should watch the $4,200–$4,300 range as a key entry zone ahead of the anticipated upswing.
Bullish
Fundstrat’s projection of a near-term reversal at the established $4,200 support, combined with technical catalysts like Fed easing and strong institutional accumulation from Grayscale and Bitmine, indicates mounting bullish momentum. While short-term volatility and sideways trading may persist, historical patterns show that ending multi-wave pullbacks at key support levels often precedes significant price advances. The robust indicators and strategic buy-ins suggest Ethereum is poised for a solid upswing toward the $5,500 target, making the overall outlook bullish for traders.