ETH Price has pulled back slightly to $4,601 after tapping highs near $4,900, with traders bracing for volatility around macro events like Powell’s Jackson Hole speech.
Meanwhile, traders are rotating into upcoming crypto projects that combine real-world utility with explosive upside. Litecoin, Shiba Inu, and Polkadot each show promise, but smart money is laser-focused on a payment-based altcoin that analysts say could be the next 100x crypto. Let’s get all the inside info.
Ethereum Technical Analysis Points Toward Consolidation Phase
Ethereum sits at support around $4,600, with RSI nearing oversold territory and daily trading volumes above $41B, suggesting accumulation under the surface.
Despite $422 million ETF outflows, Ethereum still commands over $26 billion in ETF reserves, with whales quietly accumulating, a sign institutions aren’t shaken. Short-term pressure is real, but long-term confidence remains strong.
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