ETH is facing short-term resistance, is the bear coming or is it bottoming out before a new high?

The price of ETH has fallen from a recent high of $4780 to $4210 as of the time of writing.

According to data from the validator queue tracking website validatorqueue, the current exit queue of the Ethereum PoS network reports 903,997 ETH, valued at approximately 3.91 billion USD, marking a record high in exit scale. Meanwhile, about 262,217 ETH are queued to join the network.

Does this massive unlocking frenzy signify the beginning of a bear market from a bull market? Or perhaps it just confirms the old adage in the financial world: be greedy when others are fearful, and be fearful when others are greedy. Bitmine continued to buy 373,000 ETH on August 18. SharpLink increased its holdings by 208,000 ETH on August 15. At the same time, last week, the net inflow of the US-listed spot Ether ETF was nearly 649,000 ETH, marking the largest single-week inflow on record.

Regarding BTC: According to SoSoValue data, last week the total net inflow of Bitcoin from global listed companies (excluding mining companies) was $280 million in a single week. Strategy invested $51.4 million last week, increasing their holdings of 430 Bitcoins at a price of $119,666, bringing their total holdings to 629,376 Bitcoins. The Japanese listed company Metaplanet invested $154 million, increasing their holdings of 1,293 Bitcoins at a price of $119,404, bringing their total holdings to 18,888 Bitcoins.

**What does this indicate? It precisely indicates that the micro-strategies and institutions represented by Western Wall Street are continuously acquiring in the market.

Summary: Despite the short-term liquidity disputes, this round of correction is merely a correction; the real money inflow from institutions is the most convincing existence.