%Ethereum (CRYPTO: $ETH) dropped from $4,500 to $4,300, a 7.34% weekly decline, triggering $400 million in long liquidations. Despite this, it’s up 8% from last week’s $4,150 low, driven by Powell’s rate cut hints. Bullish sentiment persists, fueled by DeFi optimism and Trump’s repeal of a Biden-era rule classifying DeFi platforms as brokers. Whale buying and 23.5% supply control by large holders indicate confidence. Institutional purchases, like BitMine’s $390M ETH buy, and ETF staking reviews drive demand. However, whale short bets and liquidations reflect short-term volatility.
