Ethereum Big-Money Flow Hits 3-Year High With $100B In Weekly Volume

Ethereum is experiencing a pullback after a significant price rally, but bullish sentiment remains strong above the $3,600 support level. On-chain data indicates a surge in large transaction volumes, the highest since 2021, suggesting increased institutional interest. This activity points to a potential rotation of capital from Bitcoin into Ethereum, signaling a possible "Ethereum season". Ethereum's strengthening fundamentals and improved legal clarity in the US contribute to this bullish outlook. The cryptocurrency's ability to hold above the key support could set the stage for another price increase towards $4,000. Analysts believe Ethereum could be leading the way for a broader altcoin market expansion. Despite the recent correction, Ethereum remains above its key moving averages, reinforcing the uptrend. A break above the $4,000 level could trigger a more widespread market rally. The current consolidation phase could be short-lived if Ethereum continues to show strength above its support levels.