Ethereum failed to break $4,800, leading to a 3% correction due to a bearish divergence. Spot selling pressure rose, but leveraged traders remain active. A rebound from $4,400 could reset bullish momentum. Bitcoin hit a new all-time high on Monday, while Ether struggled to clear resistance.

Ether’s liquidity lag may be narrowing as the US M2 money supply hits a record $22.2 trillion. Bitcoin surged over 130% in response, but Ether only rose 15%, indicating a lag. Onchain metrics show a decline in exchange reserves and negative net flows, suggesting ETH may catch up to Bitcoin’s gains.

Read more at Cointelegraph: ETH Eyes $4.4K Retest Amid Liquidity Shift