Ethereum Surges Toward $4,200 Milestone as Accumulation Patterns Clash with Mixed On-Chain Signals
Ethereum bulls are charging toward the psychological $4,200 barrier—but the on-chain data tells a more complicated story.
Accumulation vs. Reality Check
While whale wallets keep loading up ETH bags, key metrics flash warning signs. Network activity shows unusual patterns that could signal either consolidation before another leg up—or distribution before a pullback.
The $4,200 resistance level becomes the ultimate test of whether institutional money can override technical headwinds. Because nothing says 'sound investment' like digital assets that swing 10% before your morning coffee finishes brewing.
Traders face the classic crypto conundrum: chase the breakout or wait for clearer signals. Meanwhile, Ethereum's fundamentals remain stronger than most traditional finance institutions' balance sheets—which isn't saying much these days.
