Ethereum Faces a Pullback After New Highs

Following its rally, Ethereum retraced to around $4,200 amid selling pressure. Well-known crypto analyst Ali Martinez suggested that this correction may be setting the stage for a significant breakout in ETH’s price action.

Bollinger Bands Signal Potential Major Move

According to Martinez’s analysis shared on X, Ethereum’s Bollinger Bands have narrowed sharply, signaling a move into a “squeeze zone.”

In technical terms, a squeeze reflects declining volatility, often preceding a strong directional move. While such setups can break either way, Martinez emphasized that heavy institutional accumulation makes an upside breakout more likely.

Institutions Step Up ETH Accumulation

On-chain data supports this bullish narrative. Blockchain analytics platform Lookonchain reported that in the past 24 hours, four newly created wallets withdrew 78,229 ETH—valued at roughly $342 million—from the crypto exchange Kraken.

Such large-scale withdrawals are widely interpreted as institutional buying, underscoring rising confidence in Ethereum’s long-term outlook.

Trend Research Returns to the Market

Another noteworthy development came from Trend Research, which has resumed buying ETH after previously selling at lower levels.

• Just two months ago, the firm sold 79,470 ETH (worth about $250 million) at an average price of $3,145.

• Recently, it acquired 9,377 ETH (around $41.37 million) from Binance.

Blockchain data reveals that Trend Research first borrowed 88 million USDT from Aave, deposited it into Binance, purchased ETH, and then moved the assets into its own wallets.

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The post Institutions Move Into Ethereum! Analyst Warns “Get Ready!” appeared first on Coin Engineer.