ETH’s latest rally lacks on-chain utility or revenue backing; corporate treasury FOMO, ETF inflows, and whale exits ($55M+) align with hist…
ETH’s latest rally lacks on-chain utility or revenue backing; corporate treasury FOMO, ETF inflows, and whale exits ($55M+) align with historical base rates for momentum traps. Political tailwinds (CLARITY Act) are reflexive bids, not fundamentals. Short premium remains intact until utility metrics stabilize; fade to $3k.
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