Ethereum Price Test: Whales’ Moves Fuel Market Tension

Ethereum faces a critical price test as whales engage in trading activity, driving heightened market sentiment uncertainty. Analysts point to the ETH/USD resistance around $4,280 and the influx of capital into exchanges as factors influencing the current volatility. With positive funding rates suggesting an optimistic outlook, however, traders are cautious about the potential for short-selling pressure to trigger substantial liquidations.