Fundstrat’s Mark Newton predicts an imminent Ethereum rebound above $5,000, targeting a return to roughly $5,500 after a brief pullback that pushed ETH below key support levels.
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Mark Newton expects Ethereum to complete its pullback and rally past $5,000 toward $5,500.
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The recent sell-off, tied to U.S. tariff news, drove ETH below the $4,200 support zone to lows near $3,400.
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On-chain data shows BitMine withdrew 78,824 ETH (~$302 million) from Kraken; BitMine remains the largest known public ETH holder despite reported floating losses.
Ethereum rebound above $5,000: Fundstrat’s Mark Newton expects ETH to bottom then rally toward $5,500. COINOTAG analysis of technicals and on-chain flows.
Will Ethereum rebound above $5,000?
Ethereum rebound above $5,000 is forecast by Fundstrat’s Mark Newton, who anticipates the pullback to finish within days and a renewed run toward approximately $5,500. Technical structure and recent on-chain movements support the case for a short-term bottom and resumed upside for ETH.
What triggered Ethereum’s recent correction?
The correction followed a broad market sell-off after the announcement of a 100% tariff on China, which triggered acute risk-off flows across equities and crypto. Ethereum fell from recent highs to about $3,400 before stabilizing. Fundstrat and Tom Lee note that the decline appears to be a technical retracement after a >100% rally since April. Onchain Lens and Fundstrat data indicate the pullback breached the previously cited support band near $4,200–$4,220 but may now be completing.
Analysis: Technicals and On‑Chain Signals
Fundstrat’s Head of Technical Strategy, Mark Newton, has publicly stated the pullback is nearing completion and that momentum indicators signal a rebound. Newton’s technical view points to a short washout before price resumes the established uptrend. Tom Lee (Fundstrat co-founder and BitMine chairman) described the drop as an overdue correction after an extended rally. On-chain data shows significant activity: three wallets linked to BitMine withdrew 78,824 ETH from Kraken—an on-chain transfer valued at roughly $302 million—demonstrating institutional confidence despite reported unrealized losses.
How meaningful is BitMine’s on‑chain move?
BitMine’s withdrawal is notable because the firm remains the largest publicly known Ethereum holder, controlling over two percent of supply. The transfer of 78,824 ETH underscores intent to hold or custody off-exchange, which can reduce short-term sell pressure. BitMine has reported floating losses near $1.9 billion on its Ethereum holdings, yet the movement indicates a willingness to maintain exposure rather than liquidate into the correction.
Frequently Asked Questions
How soon could Ethereum reach $5,500 according to Fundstrat?
Fundstrat’s Mark Newton expects the pullback to complete within one to two days from his analysis, after which he forecasts a rebound toward $5,500. This timeline is based on technical momentum and short-term reversal patterns, not on macro catalysts or new fundamental developments.
Why did BitMine withdraw ETH from Kraken?
BitMine’s withdrawal likely reflects custody and risk-management decisions: moving 78,824 ETH off-exchange reduces exposure to exchange counterparty risk and signals confidence in long-term holdings. On-chain analytics (Onchain Lens) flagged the transfer; COINOTAG reports it as a significant institutional on-chain action during the correction.
Key Takeaways
- Short-term rebound expected: Fundstrat’s Mark Newton anticipates Ethereum will rebound above $5,000 and potentially reach near $5,500 shortly after the pullback completes.
- Correction context: The sell-off was driven by tariff-related market panic, pushing ETH below the $4,200 support band to lows near $3,400, but technical indicators point to a forming bottom.
- On-chain confirmation: BitMine’s withdrawal of 78,824 ETH (~$302M) from Kraken shows institutional conviction and may lower immediate sell pressure on the market.
Conclusion
COINOTAG’s reporting finds that a potential Ethereum rebound above $5,000 is supported by Fundstrat technical analysis and corroborating on-chain activity from large holders such as BitMine. Official data points—Fundstrat research, Onchain Lens analytics, and public statements from Tom Lee and Mark Newton—frame the outlook without speculative claims. Readers should monitor technical levels and on-chain flows for confirmation; COINOTAG will update this story as new data is reported.
