Institutional Selloff Tests Ethereum $4K Support Amid $1.7B Buy by BitMine

Ethereum's price remains under pressure around $4,000, challenged by macroeconomic uncertainty and a large staking withdrawal queue, with institutional selling causing significant outflows from Ethereum ETFs. Despite the recent sell-off, major institutional investors like BitMine Immersion Technologies continue to accumulate ETH, highlighting Ethereum's strategic long-term importance amid anticipated regulatory developments. Analysts predict a potential rally with Ethereum targeting $6,500, supported by robust ETF inflows and network activity, while token presales such as MAGACOIN FINANCE garner attention for their high growth prospects. Ethereum's long-term price targets have escalated, with some experts like Etherealize CEO Vivek Raman envisioning prices as high as $80,000, driven by Ethereum's potential to become the global financial infrastructure. Ethereum's price movements also remain correlated with Bitcoin, and alternative projects like Ozak AI demonstrate even higher return potentials, emphasizing blockchain and AI integration. Overall, Ethereum continues to be viewed as a foundational asset in decentralized finance, attracting both institutional and retail interest despite short-term volatility.