Ethereum has officially entered a new phase after breaking its previous all-time highs and pushing into uncharted territory. The recent surge carried ETH to $4,886, yet the rally stopped short of the much-anticipated $5,000 milestone. While bulls continue to show resilience, the market now faces a pivotal moment. Analysts are divided: some expect Ethereum to continue its upward march into price discovery, while others warn that the market could be preparing for a deeper correction.
This uncertainty comes amid rising speculative activity. According to CryptoQuant, a critical indicator known as the Leverage-Driven Pump has flashed six times this month alone. Each instance reflects a surge in price fueled by leverage in the derivatives market rather than purely organic spot demand. Historically, such signals have produced
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