ETH Eyes $4,000: Whale Accumulation Sparks Bullish Debate Amid Market Jitters

Ethereum's march toward $4,000 has analysts divided—whale wallets are loading up, but can they outmuscle a looming correction?

The whale watch is on

Blockchain sleuths spot seven-figure ETH purchases as institutional money dips its toes back in. 'Smart money positioning looks like Q1 2024 all over again,' claims one on-chain analyst.

Technical headwinds ahead

RSI flirts with overbought territory while the $3,800 resistance level holds firm. 'This isn't your meme coin pump—ETH needs real adoption catalysts to break through,' warns a trading desk lead.

Meanwhile, crypto Twitter oscillates between diamond hands and doomposting. As one hedge fund manager quipped: 'The only thing predictable about crypto markets is Wall Street's sudden 'discovery' of blockchain every 18 months.'