Ethereum’s Big Money Flow: $100B Weekly Volume Signals Altseason?
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Ethereum experienced a significant pullback after a rapid price surge from $2,500 to $3,800, yet bulls remain in control with ETH holding above the key support level of $3,600. This consolidation follows the highest weekly volume of large transactions since 2021, exceeding $100 billion, indicating strong institutional interest. On-chain data from Sentora highlights a major shift, with substantial capital potentially rotating from Bitcoin into Ethereum. This surge in big-money activity fuels speculation about an upcoming “Ethereum season,” a market cycle where ETH outperforms Bitcoin, leading to increased investment in the broader altcoin market. Analysts suggest this could be the beginning of a long-awaited altseason, with Ethereum acting as a gateway for investors exploring higher-risk assets. The current price sits above key moving averages, suggesting a bullish uptrend. A successful consolidation above $3,600 could propel ETH toward $4,000, while failure to hold this support might lead to a retest of lower levels. The improved legal clarity in the US and strengthening Ethereum fundamentals further contribute to the positive outlook, suggesting a potential for another significant price increase. The high volume of large transactions signifies considerable confidence from institutional investors in Ethereum's future, despite the recent price correction. This influx of capital into Ethereum suggests a potential shift in market dynamics, with Ethereum potentially leading the next market cycle.
