Ethereum is currently undergoing a price correction, slipping below key levels as selling pressure grows across the broader market. Despite this pullback, institutional interest in ETH remains resilient, with major players continuing to add aggressively to their holdings. Analysts have raised the possibility of a deeper correction, pointing to mounting volatility and the inability of ETH to reclaim the $4,500 zone. However, the long-term outlook still leans bullish as onchain data highlights consistent demand from whales and institutions.
According to analyst Ted Pillows’ data, large-scale investors have been particularly active in recent days, withdrawing ETH from exchanges and reallocating it into long-term strategies and DeFi protocols. This divergence between short-term price weakness