Ethereum’s sharp fall below $3,500 looks less like the beginning of a crypto winter and more like a large-scale profit-taking reset. Data across on-chain, derivatives, and institutional flows suggest the market is undergoing a correction after months of aggressive gains, rather than entering a prolonged bearish cycle. While retail traders and exchange-traded funds (ETFs) are showing fear, whales and institutional treasuries are using the pullback to accumulate - hinting that the current phase could set the foundation for a late-year recovery. Key takeaways • Ethereum trades at around $3,312, down 8.92% over the past ... (full story)