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Ethereum Struggles Below $4,650 as Traders Brace for Volatility || Weekly Podcast
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Ethereum Struggles Below $4,650 as Traders Brace for Volatility || Weekly Podcast

Ethereum has been one of the most closely watched assets in recent months, climbing steadily toward the $5,000 mark. Yet after reaching that milestone, ETH has repeatedly failed to sustain moves above $4,650, raising questions about its short-term momentum.

Positioning data suggests that some of the most capitalized traders are preparing for a potential retracement toward $4,000. While such a move may seem drastic, these participants have a strong track record of anticipating near-term swings.

Adding to the caution, options flows indicate limited downside hedging at the moment. This lack of protection could amplify volatility if selling pressure intensifies.

By contrast, retail traders remain optimistic. Their positioning points to expectations of a rebound toward $4,700. Historically, sharp divergences between retail and professional accounts have served as contrarian signals, leaving the current setup somewhat concerning for ETH bulls.

Looking ahead, holding above $4,600 into the weekly close would help restore confidence. Otherwise, the risk of a deeper correction lingers — and given Ethereum’s weight in the broader market, such a move would be difficult to ignore.

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