Ethereum’s bullish run shows strength — but some exits raise questions Ethereum has started the year on a confident note, climbing more than 12.7% since January as institutional flows and constructive technicals have pushed the market higher. Buyers have been in the driver’s seat lately, but a few high-profile exits have injected a note of caution: will ETH break higher or is a pullback looming? Whale exit draws attention Prominent trader James Wynn made waves on crypto Twitter after liquidating all his Ethereum (ETH) and PEPE long positions and withdrawing funds from the Hyperliquid platform. The move produced mixed reactions — some traders saw it as a sign to take profits, while others treated it as an isolated, personal decision. Observers also flagged Wynn’s history of large, sometimes loss-making trades, which added to speculation about whether his exit is market-timed or idiosyncratic. Buying pressure is rising On-chain metrics reinforce the bullish picture. CryptoQuant’s Taker Buy Dominance has been climbing since early 2026, indicating more aggressive buyer activity relative to sellers. Rising taker-buy dominance generally signals strengthening demand and has supported Ethereum’s recent price action, suggesting market sentiment has been tilted toward further gains in the short term. Key levels to watch At the time of writing ETH was trading around $3,333 after clearing the $3,300 mark. Short-term technicals show upside potential if momentum continues: a decisive break above $3,450 could open the door to a move toward $4,000. Indicators paint a mixed but cautiously optimistic picture — the MACD remains strong, while the RSI sits at 63.19, signaling room to run but urging prudence. Support and risk For the rally to remain intact, ETH needs to hold roughly within the $3,200–$3,400 band. Failure to push past $3,450 could trigger a retracement back to lower support levels, so traders are watching for either a breakout or a reversal before committing to directional bets. Bottom line Ethereum’s technicals and on-chain demand trends point to bullish momentum, but notable whale exits and resistance around $3,450 warrant caution. Traders should monitor key levels and confirm a breakout before assuming a sustained run toward $4,000. Disclaimer: AMBCrypto’s content is informational and not investment advice. Cryptocurrency trading carries high risk; do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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