Ethereum eyes a $4,900 rebound as whales shift into BONK, LINK, and MAGACOIN FINANCE. Analysts see smart money rotation fueling new altcoin opportunities.
Ethereum slipped back under $4,300 after failing to hold above $4,700, but analysts believe a rebound to $4,900 is still in play. BONK, LINK, and MAGACOIN FINANCE are among the altcoins drawing whale interest, with smart money rotation fueling speculation on the next big move.
Ethereum Price Below $4,300
Ethereum briefly broke above $4,700 this week but quickly lost steam, dropping under $4,300 and causing over $338 million in liquidations. Analysts point to $4,300 as a key level. However, the historical weakness of September has traders cautious, with past data showing average drawdowns of nearly -12%.
The sell-off comes amid falling open interest and negative funding rates, signaling that leveraged longs have been flushed out. While this looks bearish on the surface, it also clears the field for a sharper rebound if spot demand returns. Similar conditions in the past paved the way for Ethereum to rally as high as $4,900.
Adding to the mix, Ethereum ETFs have drawn billions in inflows since their launch, outpacing even Bitcoin ETFs, while corporate treasuries continue to accumulate ETH. This level of demand shows that larger players remain engaged, even as retail sentiment wavers.
Why $4,900 Is Still on the Table for Ethereum
Despite a pullback, Ethereum continues to trade above long-term bullish patterns. Analysts highlight that past flush-outs near current levels often marked the beginning of new legs higher. With institutional flows still positive and ETH/BTC strength rising, the case for a $4,900 recovery remains intact.
BONK and LINK Ride Whale Interest
While Ethereum consolidates, whale wallets have been busy accumulating altcoins like BONK and Chainlink (LINK). BONK has gained traction thanks to its meme-driven appeal, while LINK benefits from its central role in blockchain data services. In August, Chainlink secured a massive partnership with the U.S. government, marking one of the highest levels of endorsement for the project. Amid this, the LINK is now under watch as a top altcoin pick for short-term rotations.
MAGACOIN FINANCE: Whale Rotation Target
Alongside BONK and LINK, MAGACOIN FINANCE has landed on the radar of crypto whales. Smart money is moving in ahead of the incoming exchange listing, fueling FOMO among traders hunting for high-upside opportunities.
With ongoing speculation of an easy 15x price upsurge post-listing and signs of profit rotation, this altcoin could be one of the biggest beneficiaries of whale activity in the coming weeks. Savvy investors are already positioning themselves in MAGACOIN FINANCE as Ethereum eyes a rebound toward $4,900.
How Traders Should Position
With Ethereum facing a possible rebound and whales diversifying into BONK, LINK, and MAGACOIN FINANCE, traders may want to position early in the assets showing accumulation signals. The coming exchange listing for MAGACOIN FINANCE adds urgency, making now a key moment to evaluate entry. Learn more from the project’s website.
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Reporter at Coindoo
Source: https://coindoo.com/ethereum-set-for-4900-rebound-bonk-and-link-benefit-from-whale-activity/