Key Insights:
- Ethereum crypto bullish momentum cools after retesting its 6-month resistance.
- An X user, 0xNobler, reported that BlackRock has been selling millions worth of ETH and BTC.
- Whale orderbooks reflect the bearish shift, with both spot and derivatives positions signaling profit-taking.
Ethereum crypto just had its most bullish week of 2026 (so far). However, it could be due for another profit-taking retracement, even though bull market expectations suggest it could rally higher.
Multiple factors currently point to a downside pivot for Ethereum. The cryptocurrency just crossed $2,400 for the first time since early May.
The same level served as an Ethereum resistance zone during its consolidation phase over…
