Ethereum is facing a pivotal test as the market struggles to hold momentum amid mounting selling pressure. After losing the $4,500 level, ETH has entered a tight consolidation range, with bulls now forced to defend current levels. Analysts warn that failure to reclaim $4,500 soon could open the door to a deeper correction, with downside targets near $3,900. This growing uncertainty weighs on sentiment, but institutions appear unfazed, continuing to accumulate ETH aggressively.

According to data from Lookonchain, whales and institutions purchased an impressive 218,750 ETH—worth approximately $942.8 million—in just the past two days. This surge in accumulation reflects a broader bet on Ethereum’s strength, not only as a leading smart contract platform but also as the centerpiece of an antic

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