Ethereum’s Bull Run Under Pressure: Potential Pullback as Liquidity Shifts

Recent bullish momentum for Ethereum (ETH) has fueled a 52% price surge over the past week, exceeding $2,650. However, this run could be challenged by potential sell-offs due to changing liquidity dynamics and indicators. Analysts highlight shifts in Bitcoin dominance, which is likely contributing to ETH’s performance. While ETH exchange reserves have recently shown signs of a pivot, potentially signaling a pullback, there are ongoing concerns about market sentiment and leverage ratios. The article explores these factors in detail, examining whether the bullish momentum will persist or if a significant price correction is imminent.